Catalyst Investment Management LLC Makes New Investment in First Trust RBA American Industrial Renaissance ETF $AIRR

Catalyst Investment Management LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,042 shares of the company’s stock, valued at approximately $1,282,000. First Trust RBA American Industrial Renaissance ETF accounts for about 1.2% of Catalyst Investment Management LLC’s portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Fearless Solutions LLC dba Best Invest boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 51.6% during the 4th quarter. Fearless Solutions LLC dba Best Invest now owns 22,018 shares of the company’s stock valued at $2,165,000 after purchasing an additional 7,490 shares during the last quarter. Bank of America Corp DE increased 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 purchasing an additional 1,036,237 shares during the last quarter. Mach 1 Financial Group LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth about $5,248,000. Daymark Wealth Partners LLC lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 19.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 74,380 shares of the company’s stock worth $7,313,000 after buying an additional 12,127 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth about $685,000.

First Trust RBA American Industrial Renaissance ETF Trading Up 1.3%

Shares of First Trust RBA American Industrial Renaissance ETF stock opened at $130.90 on Friday. The firm has a market cap of $10.43 billion, a PE ratio of 21.40 and a beta of 1.27. The stock has a 50 day moving average of $126.47 and a 200 day moving average of $115.62. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $77.41 and a 12 month high of $133.50.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0668 per share. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. 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%.

About First Trust RBA American Industrial Renaissance ETF

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.