Assetmark Inc. Has $4.43 Million Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Assetmark Inc. raised its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 43.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,092 shares of the company’s stock after purchasing an additional 13,550 shares during the period. Assetmark Inc. owned 0.07% of First Trust RBA American Industrial Renaissance ETF worth $4,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AIRR. Hazlett Burt & Watson Inc. increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 200.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock valued at $36,000 after purchasing an additional 240 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 107.4% in the third quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock valued at $49,000 after acquiring an additional 260 shares in the last quarter. Main Street Group LTD acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $64,000. Founders Financial Alliance LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $80,000. Finally, Sound Income Strategies LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at about $82,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR stock opened at $123.13 on Friday. First Trust RBA American Industrial Renaissance ETF has a 52 week low of $64.50 and a 52 week high of $124.75. The company’s 50-day simple moving average is $115.66 and its 200 day simple moving average is $106.54. The company has a market capitalization of $9.46 billion, a PE ratio of 21.40 and a beta of 1.27.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.