Merit Financial Group LLC Invests $263,000 in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Merit Financial Group LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,855 shares of the company’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIRR. Nations Financial Group Inc. IA ADV bought a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth $267,000. Sanctuary Advisors LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 41.4% in the 4th quarter. Sanctuary Advisors LLC now owns 100,583 shares of the company’s stock worth $8,045,000 after purchasing an additional 29,445 shares in the last quarter. AssuredPartners Investment Advisors LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at about $2,190,000. Ausdal Financial Partners Inc. purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at about $217,000. Finally, Concentrum Wealth Management acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at about $466,000.

First Trust RBA American Industrial Renaissance ETF Stock Down 0.3%

Shares of AIRR stock opened at $78.48 on Friday. The firm has a market cap of $3.54 billion, a PE ratio of 21.06 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $59.22 and a 12 month high of $86.95. The stock has a 50 day moving average of $72.88 and a 200-day moving average of $75.34.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.075 dividend. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. This represents a $0.30 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, March 27th.

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.