First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Plans Quarterly Dividend of $0.15

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) declared a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 27th will be given a dividend of 0.1533 per share on Monday, March 31st. This represents a $0.61 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, March 27th.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

NASDAQ:FAAR traded down $0.32 during mid-day trading on Thursday, reaching $28.63. The stock had a trading volume of 8,784 shares, compared to its average volume of 29,185. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.42 and a one year high of $31.10. The firm has a 50 day moving average price of $28.49 and a two-hundred day moving average price of $28.16.

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.