First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $27.84 and traded as high as $28.09. First Trust Alternative Absolute Return Strategy ETF shares last traded at $27.94, with a volume of 11,027 shares.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.3 %

The company’s fifty day simple moving average is $27.84 and its 200 day simple moving average is $28.21.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.201 per share. This represents a $0.80 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in FAAR. Horizon Advisory Services Inc. boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 4.1% during the 2nd quarter. Horizon Advisory Services Inc. now owns 635,544 shares of the company’s stock valued at $18,056,000 after acquiring an additional 24,889 shares during the last quarter. Jane Street Group LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF by 180.0% during the first quarter. Jane Street Group LLC now owns 323,350 shares of the company’s stock valued at $9,309,000 after purchasing an additional 207,860 shares during the last quarter. Captrust Financial Advisors grew its stake in First Trust Alternative Absolute Return Strategy ETF by 8.1% in the 3rd quarter. Captrust Financial Advisors now owns 145,648 shares of the company’s stock worth $4,053,000 after buying an additional 10,941 shares in the last quarter. Assetmark Inc. increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 138.1% in the 3rd quarter. Assetmark Inc. now owns 115,762 shares of the company’s stock worth $3,222,000 after buying an additional 67,136 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 3.0% during the 2nd quarter. Cetera Investment Advisers now owns 115,615 shares of the company’s stock valued at $3,285,000 after buying an additional 3,358 shares in the last quarter.

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.