LexAurum Advisors LLC Buys 17,130 Shares of First Trust Alternative Absolute Return Strategy ETF $FAAR

LexAurum Advisors LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 32.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,770 shares of the company’s stock after purchasing an additional 17,130 shares during the period. LexAurum Advisors LLC’s holdings in First Trust Alternative Absolute Return Strategy ETF were worth $2,250,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Center For Asset Management LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF by 6.6% during the third quarter. Center For Asset Management LLC now owns 128,611 shares of the company’s stock valued at $4,147,000 after purchasing an additional 7,946 shares in the last quarter. Signal Advisors Wealth LLC raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 35.4% in the third quarter. Signal Advisors Wealth LLC now owns 9,901 shares of the company’s stock worth $319,000 after buying an additional 2,591 shares during the period. CoreCap Advisors LLC raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 24.6% in the third quarter. CoreCap Advisors LLC now owns 4,261 shares of the company’s stock worth $137,000 after buying an additional 842 shares during the period. Fig Financial Advisory Services Inc. ADV bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the third quarter worth about $2,503,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter worth about $451,000.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.1%

Shares of FAAR stock traded down $0.02 during trading hours on Monday, reaching $32.76. 5,952 shares of the company traded hands, compared to its average volume of 42,011. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $26.73 and a 12-month high of $35.81. The firm has a 50-day moving average price of $31.84 and a 200 day moving average price of $32.46.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1372 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.55 annualized dividend and a yield of 1.7%. This is a negative change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.1440.

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.