Barometer Capital Management Inc. Boosts Stake in First Trust RBA American Industrial Renaissance ETF $AIRR

Barometer Capital Management Inc. grew its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 650.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,000 shares of the company’s stock after buying an additional 7,800 shares during the period. Barometer Capital Management Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $885,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AIRR. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 2,619.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock worth $1,041,002,000 after buying an additional 10,198,584 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 17.1% in the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock worth $686,626,000 after buying an additional 1,036,237 shares during the last quarter. LPL Financial LLC raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12.0% in the fourth quarter. LPL Financial LLC now owns 4,570,226 shares of the company’s stock worth $449,345,000 after buying an additional 490,347 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 800.0% in the third quarter. BNP Paribas Financial Markets now owns 450,000 shares of the company’s stock worth $43,506,000 after acquiring an additional 400,000 shares during the period. Finally, UBS Group AG increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 9.9% in the fourth quarter. UBS Group AG now owns 2,107,557 shares of the company’s stock worth $207,215,000 after acquiring an additional 189,674 shares during the period.

First Trust RBA American Industrial Renaissance ETF Price Performance

NASDAQ:AIRR opened at $128.39 on Friday. The firm has a market capitalization of $10.23 billion, a P/E ratio of 21.40 and a beta of 1.27. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $77.16 and a 1-year high of $133.50. The company’s fifty day moving average price is $124.78 and its 200-day moving average price is $114.49.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0668 dividend. The ex-dividend date was Thursday, March 26th. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.2%.

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.