Park Avenue Securities LLC Grows Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Park Avenue Securities LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 26.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,967 shares of the company’s stock after purchasing an additional 4,394 shares during the period. Park Avenue Securities LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $1,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth $36,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in First Trust RBA American Industrial Renaissance ETF by 84.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 460 shares of the company’s stock valued at $31,000 after acquiring an additional 210 shares in the last quarter. Sunbelt Securities Inc. raised its position in First Trust RBA American Industrial Renaissance ETF by 60.1% during the fourth quarter. Sunbelt Securities Inc. now owns 538 shares of the company’s stock worth $42,000 after acquiring an additional 202 shares during the last quarter. Rothschild Investment LLC raised its position in First Trust RBA American Industrial Renaissance ETF by 159.5% during the first quarter. Rothschild Investment LLC now owns 558 shares of the company’s stock worth $38,000 after acquiring an additional 343 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at about $45,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

AIRR stock opened at $78.69 on Thursday. The company’s 50 day simple moving average is $72.56 and its 200-day simple moving average is $75.39. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $59.22 and a 12 month high of $86.95. The firm has a market capitalization of $3.72 billion, a PE ratio of 21.06 and a beta of 1.27.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.075 per share. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.30 annualized dividend and a yield of 0.38%.

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.