Wealthcare Advisory Partners LLC cut its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR – Free Report) by 69.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,618 shares of the company’s stock after selling 33,000 shares during the period. Wealthcare Advisory Partners LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $1,948,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 2,619.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock worth $1,041,002,000 after purchasing an additional 10,198,584 shares during the period. Bank of America Corp DE raised its stake in First Trust RBA American Industrial Renaissance ETF by 11.6% during the first quarter. Bank of America Corp DE now owns 9,675,697 shares of the company’s stock worth $1,071,874,000 after buying an additional 1,004,172 shares during the last quarter. Morgan Stanley lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 12.2% in the fourth quarter. Morgan Stanley now owns 5,279,524 shares of the company’s stock valued at $519,083,000 after buying an additional 575,709 shares during the period. Raymond James Financial Inc. boosted its position in First Trust RBA American Industrial Renaissance ETF by 28.0% during the fourth quarter. Raymond James Financial Inc. now owns 2,325,393 shares of the company’s stock valued at $228,633,000 after acquiring an additional 508,440 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in First Trust RBA American Industrial Renaissance ETF by 12.0% during the 4th quarter. LPL Financial LLC now owns 4,570,226 shares of the company’s stock worth $449,345,000 after acquiring an additional 490,347 shares during the period.
First Trust RBA American Industrial Renaissance ETF Trading Down 0.5%
AIRR stock opened at $122.78 on Friday. The stock has a 50-day moving average price of $124.85 and a 200-day moving average price of $121.33. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $87.67 and a 1-year high of $135.05. The firm has a market cap of $10.66 billion, a PE ratio of 21.40 and a beta of 1.28.
First Trust RBA American Industrial Renaissance ETF Company 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.
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