Arax Advisory Partners Buys New Stake in First Trust RBA American Industrial Renaissance ETF $AIRR

Arax Advisory Partners bought a new stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRRFree Report) during the fourth quarter, Holdings Channel reports. The firm bought 17,355 shares of the company’s stock, valued at approximately $1,706,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fearless Solutions LLC dba Best Invest grew its stake in First Trust RBA American Industrial Renaissance ETF by 51.6% in the 4th quarter. Fearless Solutions LLC dba Best Invest now owns 22,018 shares of the company’s stock valued at $2,165,000 after buying an additional 7,490 shares during the last quarter. Bank of America Corp DE raised its stake in First Trust RBA American Industrial Renaissance ETF by 17.1% during the 3rd quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock valued at $686,626,000 after purchasing an additional 1,036,237 shares during the last quarter. Mach 1 Financial Group LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at $5,248,000. Daymark Wealth Partners LLC raised its stake in First Trust RBA American Industrial Renaissance ETF by 19.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 74,380 shares of the company’s stock valued at $7,313,000 after purchasing an additional 12,127 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at $685,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

NASDAQ:AIRR opened at $130.37 on Tuesday. The stock has a market cap of $10.39 billion, a P/E ratio of 21.40 and a beta of 1.27. First Trust RBA American Industrial Renaissance ETF has a one year low of $77.41 and a one year high of $133.50. The company has a fifty day moving average price of $125.46 and a 200 day moving average price of $114.96.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0668 per share. This represents a $0.27 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, March 26th. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

About First Trust RBA American Industrial Renaissance ETF

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

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