LPL Financial LLC Increases Stake in First Trust Alternative Absolute Return Strategy ETF, Reinforcing Confidence in Investment Strategy

On August 25, 2023, renowned financial firm LPL Financial LLC revealed an increased stake in the First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR). According to its recent filing with the Securities and Exchange Commission (SEC), LPL Financial LLC amplified its ownership by 15.3% during the first quarter of the year. The company’s Form 13F disclosed that they acquired an additional 82,451 shares of FAAR, bringing their total holdings to an impressive 621,462 shares.

With this notable increase in stake, LPL Financial LLC now commands a significant portion of ownership in the First Trust Alternative Absolute Return Strategy ETF. Their shareholdings account for approximately 9.42% of the total worth of the ETF, equating to a substantial $18,457,000 as reported in their most recent filing with the SEC.

The First Trust Alternative Absolute Return Strategy ETF is a popular investment vehicle that aims to generate a positive absolute return over various market cycles through a diverse portfolio constructed from multiple asset classes. As an exchange-traded fund (ETF), it provides investors with an opportunity to gain exposure to this unique investment strategy within a single managed product.

LPL Financial LLC’s decision to bolster its holdings in FAAR showcases not only their confidence in this particular investment strategy but also their commitment to diversifying their portfolio and maximizing potential returns for their clients. The increase in stake suggests a belief that FAAR holds strong prospects for long-term growth and stability.

This move aligns with LPL Financial LLC’s reputation as a reputable financial institution known for making sound investment decisions based on thorough analysis and extensive research. By purchasing additional shares of FAAR, they are positioning themselves as one of the leading stakeholders in this prominent alternative investment vehicle.

It is noteworthy that this announcement was made via an official SEC filing. Compliance with regulatory requirements is fundamental for financial institutions like LPL Financial LLC to ensure transparency and maintain the trust of their stakeholders. Such filings play a crucial role in providing investors and market participants with relevant information regarding ownership positions and investment activities.

As of August 25, 2023, LPL Financial LLC’s increased stake in the First Trust Alternative Absolute Return Strategy ETF reflects their conviction in the performance potential of FAAR. By expanding their shareholdings, they affirm their commitment to delivering value and capitalizing on opportunities that align with their investment objectives. The significance of this development highlights LPL Financial LLC’s role as a key player in the financial services industry, consistently seeking advantageous investment avenues for their clients’ portfolios.

First Trust Alternative Absolute Return Strategy ETF


Updated on: 26/08/2023

Price Target

Current $29.14

Concensus $0.00

Low $0.00

Median $0.00

High $0.00

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Investor Interest Surges in First Trust Alternative Absolute Return Strategy ETF

Investors Show Interest in First Trust Alternative Absolute Return Strategy ETF

August 25, 2023

In recent months, there has been a notable increase in the number of large investors buying and selling shares of First Trust Alternative Absolute Return Strategy ETF (FAAR). UBS Group AG, Ameritas Advisory Services LLC, Simplicity Solutions LLC, B. Riley Wealth Advisors Inc., and Transcend Capital Advisors LLC are among the prominent investors who have recently acquired stakes in FAAR. These investments have garnered attention within the financial community due to their significant monetary value.

UBS Group AG entered the market by purchasing a stake worth approximately $43,000 during the first quarter of this year. Similarly, Ameritas Advisory Services LLC obtained a new stake valued at around $97,000 during the same period. Simplicity Solutions LLC made an even larger investment, acquiring a stake worth approximately $200,000.

Joining them is B. Riley Wealth Advisors Inc., which bought a stake valued at around $248,000 in the third quarter. Finally, Transcend Capital Advisors LLC increased its stake by 6.9% during the first quarter and now owns 8,468 shares of FAAR valued at $252,000 after acquiring an additional 547 shares.

Considering these recent developments surrounding FAAR could offer insight for potential investors or those already holding positions in similar funds. As of Friday’s opening price on NASDAQ ($28.80), FAAR has demonstrated volatility over the past year with its low point recorded at $25.85 and its high point reaching $33.10.

It is worth noting that First Trust Alternative Absolute Return Strategy ETF is linked to the db Liquid Commodity index. This actively managed fund seeks to provide diversified exposure to commodity futures contracts through a subsidiary arrangement. Launched on May 18, 2016, FAAR is overseen by First Trust management.

In light of the recent investments and the fund’s unique characteristics, potential investors are advised to conduct thorough research before considering an investment in First Trust Alternative Absolute Return Strategy ETF. Understanding its underlying assets, performance history, and sector outlook can aid in formulating a comprehensive investment strategy.

As uncertainty remains prevalent in today’s financial climate, staying informed and taking a disciplined approach to investing continue to be crucial.

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