First Trust Exchange-Traded Fund VII - First Trust Alternative Absolute Return Strategy ETF
US ˙ NasdaqGM ˙ US33740Y1010

SecurityFAAR / First Trust Exchange-Traded Fund VII - First Trust Alternative Absolute Return Strategy ETF
InstitutionIFP Advisors, Inc
Latest Disclosed Ownership29,733 shares
Latest Disclosed Value $ 1,003,405
IFP Advisors, Inc reports 32.07% decrease in ownership of FAAR / First Trust Exchange-Traded Fund VII - First Trust Alternative Absolute Return Strategy ETF

On April 13, 2026 - IFP Advisors, Inc filed a 13F-HR form disclosing ownership of 29,733 shares of First Trust Exchange-Traded Fund VII - First Trust Alternative Absolute Return Strategy ETF (US:FAAR) valued at $1,003,405 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 43,768 shares of First Trust Exchange-Traded Fund VII - First Trust Alternative Absolute Return Strategy ETF. This represents a change in shares of -32.07% during the quarter. The current value of the position is $1,009,733 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-13 2026-03-31 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 29,733 -14,035 -32.07 1,003 -15.43 0.0208
2026-02-06 2025-12-31 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 43,768 2,272 5.48 1,186 -6.17 0.0266
2026-02-06 2025-09-30 13F/A-1 FIRST TR EXCHANGE TRAD FD VIALT ABSLT STRG mc 33740Y101 41,496 3,195 8.34 1,265 19.02 0.0328
2025-12-02 2025-09-30 13F FIRST TR EXCHANGE TRAD FD VIALT ABSLT STRG mc 33740Y101 41,503 3,202 1,265 0.0326
2025-07-24 2025-06-30 13F FIRST TR EXCHANGE TRAD mc 33740Y101 38,301 -2,943 -7.14 1,063 -10.91 0.0302
2025-05-05 2025-03-31 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 41,244 -2,656 -6.05 1,193 -3.01 0.0368
2025-02-04 2024-12-31 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 43,900 8,763 24.94 1,230 25.79 0.0403
2025-02-04 2024-09-30 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 35,137 -662 -1.85 978 -3.93 0.0352
2024-07-30 2024-06-30 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 35,799 -38,359 -51.73 1,017 -52.37 0.0404
2024-07-30 2024-03-31 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 74,158 1,790 2.47 2,135 7.88 0.0936
2024-01-09 2023-12-31 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 72,368 5,407 8.07 1,979 3.02 0.0934
2023-10-12 2023-09-30 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 66,961 -6,575 -8.94 1,922 -7.20 0.0864
2023-08-14 2023-06-30 13F/A-1 FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 73,536 -1,628 -2.17 2,071 -6.67 0.0866
2023-08-04 2023-06-30 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 73,536 -1,628 2,171 0.1004
2023-04-18 2023-03-31 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 75,164 -81,971 -52.17 2,219 55,350.00 0.0966
2023-02-07 2022-12-31 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 157,135 8,817 5.94 5 -99.91 0.1246
2022-11-08 2022-09-30 13F FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 148,318 13,199 9.77 4,399 9.56 0.1146
2022-09-06 2022-06-30 13F/A-1 FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 135,119 0 0.00 4,015 0.00 0.1288
2022-08-12 2022-06-30 13F FIRST TR EXCHANGE TRAD FD VI ALT ABSLT STRG CEF 33740Y101 30,476 -104,643 902 1.6148
2022-09-06 2022-03-31 13F/A-1 FIRST TR EXCHANGE TRAD FD VI mc 33740Y101 135,119 59,691 79.14 4,015 85.45 0.1288
2022-08-08 2022-03-31 13F FIRST TR EXCHANGE TRAD FD VI ALT ABSLT STRG CEF 33740Y101 82,305 6,877 2,434 0.0497
2022-01-12 2021-12-31 13F FIRST TR EXCHANGE TRAD FD VI ALT ABSLT STRG CEF 33740Y101 75,428 171 0.23 2,165 -6.03 0.0423
2021-10-06 2021-09-30 13F FIRST TR EXCHANGE TRAD FD VI ALT ABSLT STRG CEF 33740Y101 75,257 9,562 14.56 2,304 15.55 0.0461
2021-07-13 2021-06-30 13F FIRST TR EXCHANGE TRAD FD VI ALT ABSLT STRG CEF 33740Y101 65,695 3,698 5.96 1,994 11.52 0.0413
2021-04-30 2021-03-31 13F FIRST TR EXCHANGE TRAD FD VI ALT ABSLT STRG CEF 33740Y101 61,997 8,859 16.67 1,788 23.57 0.0348
2021-01-25 2020-12-31 13F FIRST TR EXCHNG TRADED FD VI ALT ABSLT STRG CEF 33740Y101 53,138 6,201 13.21 1,447 16.13 0.0586
2020-10-29 2020-09-30 13F FIRST TR EXCHNG TRADED FD VI ALT ABSLT STRG CEF 33740Y101 46,937 5,009 11.95 1,246 14.52 0.0744
2020-08-05 2020-06-30 13F FIRST TR EXCHNG TRADED FD VI ALT ABSLT STRG CEF 33740Y101 41,928 41,249 6,074.96 1,088 6,300.00 0.0862
2020-05-12 2020-03-31 13F FIRST TR EXCHNG TRADED FD VI ALT ABSLT STRG CEF 33740Y101 679 -527 -43.70 17 -43.33 0.0017
2020-01-17 2019-12-31 13F FIRST TR EXCHNG TRADED FD VI ALT ABSLT STRG CEF 33740Y101 1,206 -31,558 -96.32 30 -96.53 0.0023
2019-11-07 2019-09-30 13F FIRST TR EXCHNG TRADED FD VI ALT ABSLT STRG CEF 33740Y101 32,764 4,921 17.67 864 16.13 0.0579
2019-05-15 2019-03-31 13F FIRST TRUSTALTERNATIVE ABSOLUTERETURN STRATEGY ETF ETF 33740Y101 27,843 17,340 165.10 744 167.63 0.1016
2019-06-03 2018-12-31 13F/A-10 FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 10,503 628 6.36 278 -2.80 0.0169
2019-01-23 2018-12-31 13F FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 10,503 628 278 0.0169
2019-06-03 2018-09-30 13F/A-9 FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 9,875 205 2.12 286 1.42 0.0117
2018-10-25 2018-09-30 13F FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 9,875 205 286 0.0117
2019-06-03 2018-06-30 13F/A-8 FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 9,670 3,139 48.06 282 46.88 0.0119
2018-08-07 2018-06-30 13F FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 9,670 1,787 282
2019-06-03 2018-03-31 13F/A-7 FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 6,531 0 0.00 192 0.00 0.0087
2018-05-09 2018-03-31 13F FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 7,883 1,352 231
2019-06-03 2017-12-31 13F/A-6 FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 6,531 742 12.82 192 12.94 0.0087
2018-01-24 2017-12-31 13F FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 6,531 742 192
2017-10-30 2017-09-30 13F FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 5,789 1,120 23.99 170 25.00 0.0068
2019-06-03 2017-06-30 13F/A-5 FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 4,669 4,634 13,240.00 136 13,500.00 0.0058
2017-07-31 2017-06-30 13F FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 4,669 4,634 136
2019-06-03 2017-03-31 13F/A-4 FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 35 35 -99.87 1 -99.87 0.0000
2017-04-26 2017-03-31 13F FIRST TRUST ALTERNATIVE ABSOLUTE RETURN STRATEGY ETF ETF 33740Y101 35 -27,808 1
2016-08-22 2016-06-30 13F FIRST TRUSTALTERNATIVE ABSOLUTERETURN STRATEGY ETF ETF 33740Y101 0 -27,843 -100.00 0 -100.00
2019-06-03 2016-03-31 13F/A-1 FIRST TRUSTALTERNATIVE ABSOLUTERETURN STRATEGY ETF ETF 33740Y101 27,843 27,843 744 0.1016
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.