World Investment Advisors LLC Invests $397,000 in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

World Investment Advisors LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,275 shares of the company’s stock, valued at approximately $397,000. World Investment Advisors LLC owned approximately 0.40% of First Trust Alternative Absolute Return Strategy ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock worth $377,000 after buying an additional 398 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in shares of 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 in the last quarter. Pinnacle Family Advisors LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 6.4% during the third quarter. Pinnacle Family Advisors LLC now owns 24,798 shares of the company’s stock worth $690,000 after buying an additional 1,484 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the second quarter worth $51,000. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 3.0% during the second quarter. Cetera Investment Advisers now owns 115,615 shares of the company’s stock worth $3,285,000 after buying an additional 3,358 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of NASDAQ FAAR opened at $27.98 on Wednesday. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $27.10 and a 52 week high of $29.44. The stock’s fifty day moving average is $27.92 and its 200 day moving average is $28.20.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.3264 dividend. The ex-dividend date is 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.