PFG Advisors Purchases 9,976 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

PFG Advisors boosted its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 81.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,264 shares of the company’s stock after buying an additional 9,976 shares during the period. PFG Advisors owned approximately 0.65% of First Trust Alternative Absolute Return Strategy ETF worth $624,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Maripau Wealth Management LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth approximately $213,000. TFB Advisors LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 26.3% in the 4th quarter. TFB Advisors LLC now owns 9,136 shares of the company’s stock valued at $256,000 after purchasing an additional 1,904 shares during the last quarter. World Investment Advisors LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at approximately $397,000. Janney Montgomery Scott LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 49.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,345 shares of the company’s stock valued at $402,000 after purchasing an additional 4,739 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 2,475.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock valued at $410,000 after purchasing an additional 14,158 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of NASDAQ:FAAR opened at $28.20 on Friday. The firm has a 50 day simple moving average of $28.45 and a 200 day simple moving average of $28.14. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.42 and a one year high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.3264 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

First Trust Alternative Absolute Return Strategy ETF Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.