Merit Financial Group LLC Buys 20,732 Shares of First Trust RBA American Industrial Renaissance ETF $AIRR

Merit Financial Group LLC lifted its position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 72.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 49,484 shares of the company’s stock after purchasing an additional 20,732 shares during the quarter. Merit Financial Group LLC owned 0.08% of First Trust RBA American Industrial Renaissance ETF worth $4,784,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AIRR. Bank of America Corp DE raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 3.8% in the second quarter. Bank of America Corp DE now owns 6,065,807 shares of the company’s stock valued at $493,757,000 after acquiring an additional 220,666 shares during the last quarter. Raymond James Financial Inc. increased its holdings in First Trust RBA American Industrial Renaissance ETF by 0.8% during the 2nd quarter. Raymond James Financial Inc. now owns 1,646,699 shares of the company’s stock valued at $134,041,000 after purchasing an additional 13,099 shares in the last quarter. Parcion Private Wealth LLC raised its position in First Trust RBA American Industrial Renaissance ETF by 53.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 653,750 shares of the company’s stock valued at $53,215,000 after purchasing an additional 228,754 shares during the last quarter. Osaic Holdings Inc. boosted its stake in First Trust RBA American Industrial Renaissance ETF by 5.2% in the second quarter. Osaic Holdings Inc. now owns 528,956 shares of the company’s stock worth $43,039,000 after purchasing an additional 26,038 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in First Trust RBA American Industrial Renaissance ETF by 18.2% in the second quarter. Envestnet Asset Management Inc. now owns 282,382 shares of the company’s stock worth $22,986,000 after purchasing an additional 43,444 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ:AIRR opened at $119.16 on Tuesday. The business has a fifty day moving average of $108.09 and a 200-day moving average of $99.38. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $59.22 and a twelve month high of $123.54. The firm has a market cap of $8.30 billion, a PE ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.