Flputnam Investment Management Co. Cuts Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Flputnam Investment Management Co. reduced its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 24.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,328 shares of the company’s stock after selling 24,205 shares during the period. Flputnam Investment Management Co. owned approximately 0.13% of First Trust RBA American Industrial Renaissance ETF worth $7,089,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AIRR. Bank of Montreal Can purchased a new position in First Trust RBA American Industrial Renaissance ETF in the second quarter valued at about $100,000. Guerra Pan Advisors LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 7.4% in the 2nd quarter. Guerra Pan Advisors LLC now owns 13,429 shares of the company’s stock valued at $1,093,000 after purchasing an additional 923 shares in the last quarter. Guided Capital Wealth Management LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at approximately $5,375,000. Prospera Financial Services Inc raised its holdings in First Trust RBA American Industrial Renaissance ETF by 11.0% during the second quarter. Prospera Financial Services Inc now owns 91,431 shares of the company’s stock worth $7,446,000 after purchasing an additional 9,039 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the second quarter worth $225,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR stock opened at $99.93 on Monday. The firm has a market cap of $6.14 billion, a P/E ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $103.60. The stock’s 50 day moving average price is $97.72 and its 200 day moving average price is $91.45.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.0276 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, December 12th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01.

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.