International Assets Investment Management LLC Raises Holdings in First Trust RBA American Industrial Renaissance ETF $AIRR

International Assets Investment Management LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 50.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,413 shares of the company’s stock after purchasing an additional 9,525 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $2,313,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the first quarter worth approximately $27,000. TD Capital Management LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the first quarter worth approximately $27,000. Capital Analysts LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 53.2% during the first quarter. Capital Analysts LLC now owns 409 shares of the company’s stock worth $28,000 after purchasing an additional 142 shares in the last quarter. North Star Investment Management Corp. purchased a new position in First Trust RBA American Industrial Renaissance ETF during the second quarter worth approximately $41,000. Finally, Capital Investment Advisory Services LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the first quarter worth approximately $49,000.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.8%

Shares of AIRR stock opened at $95.52 on Friday. The company has a market capitalization of $5.70 billion, a P/E ratio of 21.40 and a beta of 1.25. The business’s 50 day moving average is $93.62 and its two-hundred day moving average is $82.95. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $59.22 and a 12-month high of $99.85.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.0141 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%.

First Trust RBA American Industrial Renaissance ETF Profile

The First Trust RBA American Industrial RenaissanceTM ETF (AIRR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a multifactor-selected index of equities that can benefit from potential regain in market share of US industrial and community banking sector. AIRR was launched on Mar 10, 2014 and is managed by First Trust.