Envestnet Asset Management Inc. Purchases 76,373 Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Envestnet Asset Management Inc. raised its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 47.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,938 shares of the company’s stock after acquiring an additional 76,373 shares during the period. Envestnet Asset Management Inc. owned about 0.53% of First Trust RBA American Industrial Renaissance ETF worth $16,298,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 60.1% in the fourth quarter. Sunbelt Securities Inc. now owns 538 shares of the company’s stock worth $42,000 after buying an additional 202 shares in the last quarter. Arvest Investments Inc. raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 0.7% in the 4th quarter. Arvest Investments Inc. now owns 29,847 shares of the company’s stock valued at $2,299,000 after acquiring an additional 209 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 84.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 460 shares of the company’s stock worth $31,000 after purchasing an additional 210 shares in the last quarter. Trueblood Wealth Management LLC grew its position in First Trust RBA American Industrial Renaissance ETF by 3.3% during the first quarter. Trueblood Wealth Management LLC now owns 8,695 shares of the company’s stock valued at $593,000 after acquiring an additional 279 shares during the last quarter. Finally, Archford Capital Strategies LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 4.3% during the first quarter. Archford Capital Strategies LLC now owns 7,394 shares of the company’s stock valued at $504,000 after buying an additional 306 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR opened at $85.24 on Friday. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $59.22 and a 52-week high of $86.95. The stock has a market capitalization of $4.30 billion, a PE ratio of 21.40 and a beta of 1.25. The stock’s 50 day moving average price is $79.46 and its 200-day moving average price is $75.32.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.0662 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, June 26th.

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.