Simplicity Wealth LLC Acquires 55,949 Shares of First Trust Alternative Absolute Return Strategy ETF $FAAR

Simplicity Wealth LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) by 138.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,386 shares of the company’s stock after purchasing an additional 55,949 shares during the quarter. Simplicity Wealth LLC owned about 2.68% of First Trust Alternative Absolute Return Strategy ETF worth $2,675,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FAAR. LPL Financial LLC boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 7.3% during the 1st quarter. LPL Financial LLC now owns 230,355 shares of the company’s stock worth $6,662,000 after buying an additional 15,621 shares during the period. Coppell Advisory Solutions LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF by 324.5% during the first quarter. Coppell Advisory Solutions LLC now owns 185,248 shares of the company’s stock worth $4,959,000 after acquiring an additional 141,611 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 22.5% during the first quarter. Cetera Investment Advisers now owns 168,533 shares of the company’s stock worth $4,874,000 after acquiring an additional 30,904 shares during the period. Assetmark Inc. grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 28.5% in the first quarter. Assetmark Inc. now owns 163,135 shares of the company’s stock valued at $4,718,000 after purchasing an additional 36,202 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 2.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 63,720 shares of the company’s stock valued at $1,843,000 after purchasing an additional 1,744 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

NASDAQ:FAAR opened at $30.18 on Monday. The stock has a 50 day simple moving average of $29.68 and a 200 day simple moving average of $28.22. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $25.19 and a 1-year high of $32.14.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.1759 dividend. This represents a $0.70 annualized dividend and a dividend yield of 2.3%. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, September 25th.

About First Trust Alternative Absolute Return Strategy ETF

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.