First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 73.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 127,205 shares of the company’s stock after buying an additional 53,927 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $8,689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 48.6% during the second quarter. LPL Financial LLC now owns 1,516,083 shares of the company’s stock worth $103,564,000 after acquiring an additional 495,941 shares during the last quarter. Global Assets Advisory LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 1st quarter valued at about $34,255,000. Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 97.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 440,640 shares of the company’s stock worth $30,100,000 after buying an additional 217,241 shares in the last quarter. Raymond James & Associates grew its stake in First Trust RBA American Industrial Renaissance ETF by 7.6% during the 2nd quarter. Raymond James & Associates now owns 335,824 shares of the company’s stock worth $22,940,000 after purchasing an additional 23,754 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 0.5% during the first quarter. Kestra Advisory Services LLC now owns 269,572 shares of the company’s stock worth $18,150,000 after purchasing an additional 1,434 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Trading Up 0.4 %

AIRR stock opened at $74.41 on Friday. The company’s 50 day moving average is $71.20 and its two-hundred day moving average is $68.96. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $46.71 and a twelve month high of $75.92. The stock has a market cap of $1.46 billion, a P/E ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be issued a $0.0419 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.23%. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, September 26th.

First Trust RBA American Industrial Renaissance ETF 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.