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First Trust Alternative Absolute Return Strategy ETF
FAARFinancial ServicesNASDAQUS
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First Trust Alternative Absolute Return Strategy ETF employs an active long-short commodities strategy aiming for absolute returns in any market environment. FAAR currently maintains a +54% net long exposure but can shift net exposures dynamically across commodity sectors using futures. Despite its flexible approach, FAAR has significantly underperformed peers over five years, with higher volatility (11.2% SD) and a steep 0.97% expense ratio.
Assetmark Inc. boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ: FAAR) by 335.0% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 648,775 shares of the company's stock after purchasing an additional 499,626 shares during the period.
Center For Asset Management LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ: FAAR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 120,801 shares of the company's stock, valued at approximately $3,274,000.
