Global Retirement Partners LLC Reduces Stock Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Global Retirement Partners LLC reduced its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 6.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,647 shares of the company’s stock after selling 623 shares during the period. Global Retirement Partners LLC owned about 0.25% of First Trust Alternative Absolute Return Strategy ETF worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. TFB Advisors LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the third quarter worth approximately $201,000. Focus Financial Network Inc. grew its stake in First Trust Alternative Absolute Return Strategy ETF by 8.1% during the third quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock worth $388,000 after buying an additional 1,040 shares during the period. World Investment Advisors LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter valued at $397,000. Janney Montgomery Scott LLC raised its position in First Trust Alternative Absolute Return Strategy ETF by 49.3% in the fourth 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 period. Finally, Benjamin Edwards Inc. raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 2,475.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock valued at $410,000 after buying an additional 14,158 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Down 1.1 %

FAAR opened at $28.20 on Wednesday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $27.42 and a 52-week high of $31.10. The firm’s 50 day moving average is $28.40 and its 200-day moving average is $28.16.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

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

About First Trust Alternative Absolute Return Strategy ETF

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.