First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Shares Sold by BlueChip Wealth Advisors LLC

BlueChip Wealth Advisors LLC reduced its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 34.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,201 shares of the company’s stock after selling 9,181 shares during the quarter. BlueChip Wealth Advisors LLC owned approximately 0.50% of First Trust Alternative Absolute Return Strategy ETF worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FAAR. Tucker Asset Management LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 54.1% during the 4th quarter. Tucker Asset Management LLC now owns 2,508 shares of the company’s stock worth $70,000 after purchasing an additional 880 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 4.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 43,385 shares of the company’s stock valued at $1,215,000 after buying an additional 1,969 shares during the last quarter. LPL Financial LLC increased its position in First Trust Alternative Absolute Return Strategy ETF by 11.8% during the fourth quarter. LPL Financial LLC now owns 214,734 shares of the company’s stock worth $6,015,000 after buying an additional 22,663 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 4.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 36,182 shares of the company’s stock worth $1,013,000 after acquiring an additional 1,631 shares during the last quarter. Finally, PFG Advisors lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 81.2% in the fourth quarter. PFG Advisors now owns 22,264 shares of the company’s stock valued at $624,000 after acquiring an additional 9,976 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.1 %

FAAR opened at $28.66 on Friday. The business’s fifty day simple moving average is $28.49 and its 200 day simple moving average is $28.17. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $27.42 and a 52 week high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.1533 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.61 annualized dividend and a dividend yield of 2.14%.

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.