Tucker Asset Management LLC Acquires 880 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Tucker Asset Management LLC boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 54.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,508 shares of the company’s stock after acquiring an additional 880 shares during the period. Tucker Asset Management LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $70,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. LPL Financial LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 11.8% during the 4th quarter. LPL Financial LLC now owns 214,734 shares of the company’s stock valued at $6,015,000 after buying an additional 22,663 shares in the last quarter. Captrust Financial Advisors increased its stake in First Trust Alternative Absolute Return Strategy ETF by 8.1% during the third quarter. Captrust Financial Advisors now owns 145,648 shares of the company’s stock worth $4,053,000 after acquiring an additional 10,941 shares during the last quarter. Assetmark Inc. raised its position in First Trust Alternative Absolute Return Strategy ETF by 9.6% during the fourth quarter. Assetmark Inc. now owns 126,933 shares of the company’s stock valued at $3,555,000 after purchasing an additional 11,171 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at approximately $2,363,000. Finally, IFP Advisors Inc boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 24.9% in the 4th quarter. IFP Advisors Inc now owns 43,900 shares of the company’s stock worth $1,230,000 after purchasing an additional 8,763 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

NASDAQ FAAR opened at $28.66 on Friday. The business’s 50 day moving average price is $28.49 and its 200-day moving average price is $28.17. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $27.42 and a fifty-two week high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

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

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.