Frontier Asset Management LLC Purchases New Stake in Frontier Asset Absolute Return ETF (NYSEARCA:FARX)

Frontier Asset Management LLC purchased a new stake in Frontier Asset Absolute Return ETF (NYSEARCA:FARX) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 77,464 shares of the company’s stock, valued at approximately $1,948,000.

Frontier Asset Absolute Return ETF Stock Up 0.2 %

FARX stock opened at $25.35 on Friday. Frontier Asset Absolute Return ETF has a 52-week low of $24.46 and a 52-week high of $26.02. The stock’s fifty day simple moving average is $25.50.

Frontier Asset Absolute Return ETF Profile

The Frontier Asset Absolute Return ETF (FARX) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund seeks to achieve long-term total return through an actively managed fund-of-funds that utilizes an absolute return approach. The portfolio generally holds 6 to 20 underlying ETFs across multiple asset classes.