Concorde Asset Management LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR – Free Report) by 17.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,451 shares of the company’s stock after acquiring an additional 7,030 shares during the period. First Trust RBA American Industrial Renaissance ETF comprises approximately 3.6% of Concorde Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Concorde Asset Management LLC owned approximately 0.05% of First Trust RBA American Industrial Renaissance ETF worth $6,323,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of AIRR. Northwestern Mutual Wealth Management Co. raised its position in First Trust RBA American Industrial Renaissance ETF by 2,619.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock valued at $1,041,002,000 after purchasing an additional 10,198,584 shares in the last quarter. Bank of America Corp DE grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 11.6% during the 1st 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 in the last quarter. Morgan Stanley increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 12.2% during 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. increased its stake in shares of 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 buying an additional 508,440 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12.0% in the fourth quarter. LPL Financial LLC now owns 4,570,226 shares of the company’s stock valued at $449,345,000 after acquiring an additional 490,347 shares in the last quarter.
First Trust RBA American Industrial Renaissance ETF Price Performance
NASDAQ:AIRR opened at $109.38 on Wednesday. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $89.50 and a 1-year high of $135.05. The company has a 50-day moving average of $118.76 and a 200 day moving average of $120.95. The firm has a market cap of $9.49 billion, a PE ratio of 21.40 and a beta of 1.27.
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.
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