Several institutional investors and hedge funds have traded shares of AIRR. Global Assets Advisory LLC bought a new stake in the First Trust RBA American Industrial Renaissance ETF worth about $34.26 million. LPL Financial LLC increased its stake by 48.6%, owning 1,516,083 shares valued at $103.56 million after acquiring an additional 495,941 shares. Cambridge Investment Research Advisors Inc. raised its stake by 97.2%, now holding 440,640 shares valued at $30.1 million after a purchase of 217,241 shares. Pictet North America Advisors SA also invested approximately $7.27 million in the ETF. Lastly, Riggs Asset Management Co. Inc. increased its stake by 135.8%, owning 170,296 shares valued at $11.47 million after buying an extra 98,065 shares.
First Trust RBA American Industrial Renaissance ETF Performance
Shares of AIRR opened at $77.22 on Friday. The market cap is $1.81 billion with a P/E ratio of 23.16 and a beta of 1.25. AIRR’s 1-year range is between $46.71 and $78.00, with a 50-day moving average of $72.51 and a 200-day average of $70.03.
Dividend Increase
The firm recently announced a quarterly dividend of $0.0419 per share, which was paid on September 30. This is an increase from the previous dividend of $0.03, leading to an annual dividend of $0.17 and a yield of 0.22%.
About AIRR
The First Trust RBA American Industrial Renaissance ETF (AIRR) invests mainly in industrial equities, tracking an index of companies expected to gain market share in the U.S. industrial and community banking sectors. Launched on March 10, 2014, it is managed by First Trust.
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Curious about other hedge funds holding 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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