International Assets Investment Management LLC Cuts Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

International Assets Investment Management LLC reduced its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 14.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,008 shares of the company’s stock after selling 827 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AIRR. Steward Partners Investment Advisory LLC raised its holdings in First Trust RBA American Industrial Renaissance ETF by 2.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,521 shares of the company’s stock worth $609,000 after buying an additional 275 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 4.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,315 shares of the company’s stock worth $634,000 after purchasing an additional 540 shares in the last quarter. VitalStone Financial LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 11.2% in the 4th quarter. VitalStone Financial LLC now owns 6,613 shares of the company’s stock worth $382,000 after purchasing an additional 667 shares in the last quarter. Principal Securities Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at $39,000. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 15.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,182 shares of the company’s stock valued at $300,000 after buying an additional 677 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

NASDAQ AIRR opened at $68.96 on Wednesday. The company has a market capitalization of $961.99 million, a price-to-earnings ratio of 23.16 and a beta of 1.25. The stock has a 50-day moving average of $68.62 and a 200 day moving average of $63.11. First Trust RBA American Industrial Renaissance ETF has a one year low of $46.71 and a one year high of $73.97.

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.