RFG Advisory LLC Has $5.35 Million Holdings in First Trust Alternative Absolute Return Strategy ETF $FAAR

RFG Advisory LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 40.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,240 shares of the company’s stock after buying an additional 48,676 shares during the quarter. RFG Advisory LLC owned about 2.75% of First Trust Alternative Absolute Return Strategy ETF worth $5,351,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its position in First Trust Alternative Absolute Return Strategy ETF by 5.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,509 shares of the company’s stock worth $231,000 after acquiring an additional 465 shares in the last quarter. HBW Advisory Services LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 7.0% in the 1st quarter. HBW Advisory Services LLC now owns 8,028 shares of the company’s stock valued at $271,000 after acquiring an additional 526 shares during the period. CoreCap Advisors LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 18.2% in the 2nd quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock valued at $108,000 after acquiring an additional 527 shares during the period. Balboa Wealth Partners increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% during the 1st quarter. Balboa Wealth Partners now owns 17,866 shares of the company’s stock worth $603,000 after purchasing an additional 533 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 7.4% during the 4th quarter. Kestra Advisory Services LLC now owns 11,695 shares of the company’s stock worth $317,000 after purchasing an additional 810 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.5%

Shares of FAAR stock opened at $31.94 on Thursday. The firm’s 50-day moving average is $31.20 and its 200-day moving average is $32.48. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $26.73 and a 52-week high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.144 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.8%. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Alternative Absolute Return Strategy ETF Company 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.