Arax Advisory Partners Makes New $1.71 Million Investment in First Trust RBA American Industrial Renaissance ETF $AIRR

Arax Advisory Partners bought a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,355 shares of the company’s stock, valued at approximately $1,706,000.

Several other large investors also recently added to or reduced their stakes in AIRR. Jane Street Group LLC grew its position in First Trust RBA American Industrial Renaissance ETF by 115.9% in the first quarter. Jane Street Group LLC now owns 17,464 shares of the company’s stock worth $1,191,000 after acquiring an additional 9,374 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in First Trust RBA American Industrial Renaissance ETF in the second quarter worth approximately $348,000. Raymond James Financial Inc. grew its position in First Trust RBA American Industrial Renaissance ETF by 0.8% in the second quarter. Raymond James Financial Inc. now owns 1,646,699 shares of the company’s stock worth $134,041,000 after acquiring an additional 13,099 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in First Trust RBA American Industrial Renaissance ETF by 144.9% in the second quarter. Ausdal Financial Partners Inc. now owns 10,488 shares of the company’s stock worth $854,000 after acquiring an additional 6,205 shares in the last quarter. Finally, Bank of America Corp DE grew its position in First Trust RBA American Industrial Renaissance ETF by 3.8% in the second quarter. Bank of America Corp DE now owns 6,065,807 shares of the company’s stock worth $493,757,000 after acquiring an additional 220,666 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Up 0.7%

Shares of AIRR stock opened at $130.37 on Tuesday. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $77.41 and a 12 month high of $133.50. The company has a market cap of $10.39 billion, a PE ratio of 21.40 and a beta of 1.27. The business’s 50 day moving average is $125.46 and its two-hundred day moving average is $114.96.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.