Benchmark Financial LLC Invests $1.54 Million in First Trust RBA American Industrial Renaissance ETF $AIRR

Benchmark Financial LLC purchased a new position 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 and Exchange Commission (SEC). The fund purchased 15,635 shares of the company’s stock, valued at approximately $1,537,000. First Trust RBA American Industrial Renaissance ETF accounts for 1.5% of Benchmark Financial LLC’s portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hazlett Burt & Watson Inc. boosted its holdings 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 in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 107.4% during the third quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock worth $49,000 after buying an additional 260 shares in the last quarter. Main Street Group LTD purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the third quarter worth about $64,000. Founders Financial Alliance LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the third quarter worth about $80,000. Finally, Sound Income Strategies LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth about $82,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR stock opened at $123.13 on Monday. The company has a market cap of $9.46 billion, a P/E ratio of 21.40 and a beta of 1.27. 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 moving average price is $115.66 and its 200 day moving average price is $106.61.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.