BNP Paribas Financial Markets Reduces Position in First Trust RBA American Industrial Renaissance ETF $AIRR

BNP Paribas Financial Markets cut its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,800 shares of the company’s stock after selling 49,200 shares during the quarter. BNP Paribas Financial Markets owned about 0.58% of First Trust RBA American Industrial Renaissance ETF worth $39,407,000 as of its most recent SEC filing.

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

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR opened at $129.48 on Thursday. The firm has a market capitalization of $10.32 billion, a PE ratio of 21.40 and a beta of 1.29. The company’s fifty day moving average price is $122.67 and its 200-day moving average price is $113.00. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $77.16 and a 1-year high of $133.50.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0668 per share. This is a boost 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 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.