Envestnet Asset Management Inc. Raises Holdings in First Trust RBA American Industrial Renaissance ETF $AIRR

Envestnet Asset Management Inc. boosted its position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 33.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 377,267 shares of the company’s stock after acquiring an additional 94,885 shares during the quarter. Envestnet Asset Management Inc. owned 0.62% of First Trust RBA American Industrial Renaissance ETF worth $36,474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth about $33,000. Hazlett Burt & Watson Inc. grew its stake in First Trust RBA American Industrial Renaissance ETF by 200.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock worth $36,000 after buying an additional 240 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter valued at $91,000. Bank of Montreal Can acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at $100,000. Finally, Private Trust Co. NA boosted its position in First Trust RBA American Industrial Renaissance ETF by 128.1% during the 3rd quarter. Private Trust Co. NA now owns 1,357 shares of the company’s stock worth $131,000 after purchasing an additional 762 shares during the period.

First Trust RBA American Industrial Renaissance ETF Trading Up 1.0%

Shares of NASDAQ AIRR opened at $120.35 on Thursday. The stock has a fifty day moving average price of $106.94 and a 200 day moving average price of $98.64. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $59.22 and a 12-month high of $122.28. The company has a market cap of $8.38 billion, a P/E ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.0276 per share. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.11 annualized dividend and a yield of 0.1%.

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.