FSB Premier Wealth Management Inc. Has $383,000 Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

FSB Premier Wealth Management Inc. trimmed its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 32.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,485 shares of the company’s stock after selling 6,390 shares during the quarter. FSB Premier Wealth Management Inc. owned approximately 0.31% of First Trust Alternative Absolute Return Strategy ETF worth $383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CreativeOne Wealth LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter valued at about $249,000. Cambridge Investment Research Advisors Inc. boosted its position in First Trust Alternative Absolute Return Strategy ETF by 7.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 79,859 shares of the company’s stock worth $2,184,000 after buying an additional 5,516 shares during the period. International Assets Investment Management LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth approximately $2,880,000. ICA Group Wealth Management LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth approximately $116,000. Finally, Orion Portfolio Solutions LLC increased its position in First Trust Alternative Absolute Return Strategy ETF by 19.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 44,362 shares of the company’s stock valued at $1,216,000 after acquiring an additional 7,113 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.7 %

FAAR stock opened at $28.07 on Wednesday. The company has a fifty day moving average price of $28.51 and a 200-day moving average price of $28.55. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $27.10 and a 52-week high of $30.00.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.2352 per share. This represents a $0.94 annualized dividend and a yield of 3.35%. The ex-dividend date was Thursday, June 27th.

First Trust Alternative Absolute Return Strategy ETF Company 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.