Walkner Condon Financial Advisors LLC Reduces Stock Position in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)

Walkner Condon Financial Advisors LLC lessened its holdings in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 69.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,115 shares of the company’s stock after selling 65,081 shares during the period. Walkner Condon Financial Advisors LLC owned about 0.79% of First Trust Alternative Absolute Return Strategy ETF worth $782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hershey Financial Advisers LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the second quarter valued at approximately $51,000. Jaffetilchin Investment Partners LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter worth $306,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% in the 2nd 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. increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% during the third quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock valued at $388,000 after buying an additional 1,040 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the second quarter valued at about $411,000.

First Trust Alternative Absolute Return Strategy ETF Price Performance

FAAR stock opened at $27.63 on Thursday. The firm has a 50-day moving average of $27.97 and a 200 day moving average of $28.31. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $27.10 and a 1 year high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.201 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Thursday, September 26th.

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.