Envestnet Portfolio Solutions Inc. Increases Stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Envestnet Portfolio Solutions Inc. increased its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 21.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,145 shares of the company’s stock after acquiring an additional 6,969 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $3,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at approximately $137,940,000. Meitav Investment House Ltd. purchased a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at $26,942,000. LPL Financial LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 22.7% during the 3rd quarter. LPL Financial LLC now owns 1,859,927 shares of the company’s stock valued at $138,881,000 after buying an additional 343,844 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth about $16,758,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth about $14,236,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of NASDAQ AIRR opened at $70.77 on Thursday. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $61.36 and a 1 year high of $86.95. The firm has a 50-day moving average of $76.03 and a 200 day moving average of $77.21. The stock has a market cap of $3.22 billion, a P/E ratio of 22.32 and a beta of 1.28.

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.