GAMMA Investing LLC Boosts Stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

GAMMA Investing LLC raised its position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 6,720.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,644 shares of the company’s stock after acquiring an additional 19,356 shares during the period. GAMMA Investing LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $1,340,000 at the end of the most recent reporting period.

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

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR opened at $77.60 on Monday. The stock’s 50-day moving average is $73.19 and its two-hundred day moving average is $75.15. The stock has a market cap of $3.50 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.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04.

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.