Fourpath Capital Management LLC Takes Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Fourpath Capital Management LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 108,743 shares of the company’s stock, valued at approximately $10,692,000. First Trust RBA American Industrial Renaissance ETF makes up about 1.5% of Fourpath Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Fourpath Capital Management LLC owned 0.16% of First Trust RBA American Industrial Renaissance ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fearless Solutions LLC dba Best Invest boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 51.6% during the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 22,018 shares of the company’s stock valued at $2,165,000 after purchasing an additional 7,490 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 17.1% during the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock valued at $686,626,000 after purchasing an additional 1,036,237 shares in the last quarter. Daymark Wealth Partners LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF by 19.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 74,380 shares of the company’s stock valued at $7,313,000 after acquiring an additional 12,127 shares in the last quarter. Comprehensive Wealth Management LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF by 36.8% in the third quarter. Comprehensive Wealth Management LLC now owns 73,274 shares of the company’s stock valued at $7,084,000 after acquiring an additional 19,714 shares in the last quarter. Finally, Cambridge Advisors Inc. boosted its stake in First Trust RBA American Industrial Renaissance ETF by 64.6% in the fourth quarter. Cambridge Advisors Inc. now owns 15,149 shares of the company’s stock valued at $1,489,000 after acquiring an additional 5,944 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR opened at $120.34 on Monday. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 21.40 and a beta of 1.27. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $64.50 and a twelve month high of $123.54. The company has a 50 day moving average of $114.94 and a two-hundred day moving average of $105.69.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0668 dividend. This represents a $0.27 annualized dividend and a yield of 0.2%. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 26th.

First Trust RBA American Industrial Renaissance ETF Company 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.