Park Avenue Securities LLC Buys 647 Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Park Avenue Securities LLC raised its holdings in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 4.3% in the fourth quarter, Holdings Channel reports. The fund owned 15,800 shares of the company’s stock after acquiring an additional 647 shares during the period. Park Avenue Securities LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hershey Financial Advisers LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter valued at approximately $51,000. TFB Advisors LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the third quarter worth approximately $201,000. Benjamin F. Edwards & Company Inc. increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock worth $377,000 after purchasing an additional 398 shares during the period. Focus Financial Network Inc. lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% during the 3rd quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock worth $388,000 after acquiring an additional 1,040 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF in the third quarter valued at about $397,000.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of NASDAQ:FAAR opened at $28.38 on Friday. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.42 and a one year high of $29.44. The firm has a 50 day simple moving average of $28.13 and a 200 day simple moving average of $28.16.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently disclosed 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 was Tuesday, December 17th.

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.