Assetmark Inc. Raises Stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Assetmark Inc. boosted its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 22.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,498 shares of the company’s stock after purchasing an additional 3,601 shares during the quarter. Assetmark Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $1,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AIRR. LPL Financial LLC lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 48.6% during the 2nd quarter. LPL Financial LLC now owns 1,516,083 shares of the company’s stock valued at $103,564,000 after acquiring an additional 495,941 shares in the last quarter. International Assets Investment Management LLC raised its position in First Trust RBA American Industrial Renaissance ETF by 12,150.6% in the third quarter. International Assets Investment Management LLC now owns 701,961 shares of the company’s stock valued at $52,415,000 after purchasing an additional 696,231 shares during the period. Raymond James & Associates lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 82.6% during the third quarter. Raymond James & Associates now owns 613,331 shares of the company’s stock worth $45,797,000 after purchasing an additional 277,507 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 97.2% in the second 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 during the period. Finally, Kestra Advisory Services LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 0.5% in the first quarter. Kestra Advisory Services LLC now owns 269,572 shares of the company’s stock valued at $18,150,000 after buying an additional 1,434 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

First Trust RBA American Industrial Renaissance ETF stock opened at $82.47 on Friday. The firm has a market capitalization of $2.03 billion, a PE ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a one year low of $50.19 and a one year high of $85.97. The stock’s 50 day moving average price is $75.68 and its 200 day moving average price is $71.97.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.0419 per share. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Thursday, September 26th.

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.