Stegent Equity Advisors Inc. Has $1.81 Million Holdings in First Trust RBA American Industrial Renaissance ETF $AIRR

Stegent Equity Advisors Inc. reduced its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,281 shares of the company’s stock after selling 387 shares during the quarter. First Trust RBA American Industrial Renaissance ETF makes up approximately 1.6% of Stegent Equity Advisors Inc.’s holdings, making the stock its 19th largest holding. Stegent Equity Advisors Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $1,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AIRR. Oppenheimer & Co. Inc. boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 76.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 27,133 shares of the company’s stock worth $1,851,000 after acquiring an additional 11,793 shares in the last quarter. WealthBridge Capital Management LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 9.8% in the 1st quarter. WealthBridge Capital Management LLC now owns 30,460 shares of the company’s stock worth $2,078,000 after acquiring an additional 2,714 shares in the last quarter. Sovran Advisors LLC bought a new position in First Trust RBA American Industrial Renaissance ETF in the 1st quarter worth approximately $679,000. Stonebridge Financial Group LLC raised its position in First Trust RBA American Industrial Renaissance ETF by 104.1% in the 1st quarter. Stonebridge Financial Group LLC now owns 1,198 shares of the company’s stock worth $82,000 after purchasing an additional 611 shares during the last quarter. Finally, Essex Financial Services Inc. raised its position in First Trust RBA American Industrial Renaissance ETF by 8.0% in the 1st quarter. Essex Financial Services Inc. now owns 20,386 shares of the company’s stock worth $1,390,000 after purchasing an additional 1,515 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

AIRR stock opened at $100.02 on Friday. The company has a 50 day moving average price of $94.32 and a 200 day moving average price of $84.15. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $59.22 and a fifty-two week high of $100.34. The stock has a market capitalization of $6.07 billion, a PE ratio of 21.40 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.0141 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%.

About First Trust RBA American Industrial Renaissance ETF

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.