Several institutional investors and hedge funds have traded shares of AIRR recently. Global Assets Advisory LLC bought a new stake in the First Trust RBA American Industrial Renaissance ETF worth about $34.3 million. LPL Financial LLC increased its stake by 48.6% in Q2, owning 1.5 million shares valued at $103.6 million after buying nearly 496,000 shares. Cambridge Investment Research Advisors Inc. raised its stake by 97.2% in Q2, now holding 440,640 shares valued at $30.1 million after an additional purchase of 217,241 shares. Pictet North America Advisors SA acquired a new stake valued at approximately $7.3 million. Lastly, Riggs Asset Management Co. Inc. boosted its stake by 135.8% in Q1, now owning 170,296 shares worth $11.5 million after buying 98,065 shares.
First Trust RBA American Industrial Renaissance ETF Price Performance
AIRR shares opened at $77.22 on Friday. The company’s market cap is $1.81 billion, with a P/E ratio of 23.16 and a beta of 1.25. The stock has a 1-year low of $46.71 and a high of $78.00. The 50-day moving average is $72.51, while the 200-day average is $70.03.
First Trust RBA American Industrial Renaissance ETF Increases Dividend
The firm announced a quarterly dividend of $0.0419 per share, paid on September 30th. Shareholders on record as of September 26th received this increased dividend from the previous $0.03, translating to an annualized dividend of $0.17 and a yield of 0.22%.
About First Trust RBA American Industrial Renaissance ETF
AIRR is an exchange-traded fund mainly investing in industrial equities. It tracks an index designed to benefit from the recovery in the U.S. industrial and community banking sectors. Launched on March 10, 2014, it is managed by First Trust.
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Want to see other hedge funds’ holdings in AIRR? Visit HoldingsChannel.com for the latest 13F filings and insider trades for First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR – Free Report).
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