IFP Advisors Inc Acquires 355 Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

IFP Advisors Inc boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 46.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,116 shares of the company’s stock after purchasing an additional 355 shares during the period. IFP Advisors Inc’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $76,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 136.1% during the fourth quarter. Bank of America Corp DE now owns 3,533,091 shares of the company’s stock worth $272,189,000 after buying an additional 2,036,464 shares in the last quarter. Wells Fargo & Company MN acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth $69,810,000. Parcion Private Wealth LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the first quarter worth $28,989,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 36.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 813,423 shares of the company’s stock worth $55,484,000 after buying an additional 218,355 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 44.1% during the fourth quarter. Royal Bank of Canada now owns 621,498 shares of the company’s stock worth $47,880,000 after buying an additional 190,251 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ:AIRR opened at $86.99 on Thursday. The company has a fifty day moving average of $81.17 and a 200-day moving average of $75.86. The company has a market capitalization of $4.50 billion, a PE ratio of 21.40 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $59.22 and a 52-week high of $89.06.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.0662 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.26 dividend on an annualized basis and a yield of 0.30%.

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.