Archer Investment Corp Buys 950 Shares of First Trust RBA American Industrial Renaissance ETF $AIRR

Archer Investment Corp increased its position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 126.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,700 shares of the company’s stock after purchasing an additional 950 shares during the period. Archer Investment Corp’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $138,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital Analysts LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 53.2% in the first quarter. Capital Analysts LLC now owns 409 shares of the company’s stock worth $28,000 after buying an additional 142 shares in the last quarter. Global View Capital Management LLC grew its holdings in First Trust RBA American Industrial Renaissance ETF by 1.5% during the 1st quarter. Global View Capital Management LLC now owns 10,145 shares of the company’s stock valued at $692,000 after buying an additional 154 shares in the last quarter. Condor Capital Management grew its holdings in First Trust RBA American Industrial Renaissance ETF by 3.9% during the 1st quarter. Condor Capital Management now owns 4,213 shares of the company’s stock valued at $287,000 after buying an additional 160 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 6.1% in the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 3,941 shares of the company’s stock valued at $321,000 after acquiring an additional 226 shares during the last quarter. Finally, Independent Wealth Network Inc. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 4.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 5,178 shares of the company’s stock worth $422,000 after acquiring an additional 240 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Trading Up 2.1%

Shares of AIRR opened at $92.97 on Friday. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $59.22 and a 12-month high of $101.70. The firm has a market capitalization of $5.71 billion, a P/E ratio of 21.40 and a beta of 1.29. The firm has a fifty day moving average price of $96.43 and a 200-day moving average price of $88.06.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.0141 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, September 25th.

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.