Foundations Investment Advisors LLC Raises Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Foundations Investment Advisors LLC lifted its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 493.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,413 shares of the company’s stock after buying an additional 13,646 shares during the period. Foundations Investment Advisors LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $1,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fearless Solutions LLC dba Best Invest boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 51.6% in the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 22,018 shares of the company’s stock worth $2,165,000 after buying an additional 7,490 shares during the period. Bank of America Corp DE boosted its holdings in 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 valued at $686,626,000 after purchasing an additional 1,036,237 shares during the last quarter. Mach 1 Financial Group LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at about $5,248,000. Daymark Wealth Partners LLC boosted its holdings in 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 valued at $7,313,000 after purchasing an additional 12,127 shares during the last quarter. Finally, Cambridge Advisors Inc. boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 64.6% in the fourth quarter. Cambridge Advisors Inc. now owns 15,149 shares of the company’s stock valued at $1,489,000 after purchasing an additional 5,944 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR opened at $129.18 on Friday. The company has a market capitalization of $10.30 billion, a P/E ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a one year low of $75.18 and a one year high of $133.50. The stock has a 50-day moving average price of $121.57 and a 200 day moving average price of $112.24.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0668 dividend. 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 yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 26th.

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.