Dakota Wealth Management Makes New Investment in First Trust RBA American Industrial Renaissance ETF $AIRR

Dakota Wealth Management bought a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 53,241 shares of the company’s stock, valued at approximately $5,235,000. Dakota Wealth Management owned approximately 0.08% of First Trust RBA American Industrial Renaissance ETF as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in First Trust RBA American Industrial Renaissance ETF by 17.1% in the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock worth $686,626,000 after purchasing an additional 1,036,237 shares in the last quarter. Daymark Wealth Partners LLC grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 19.5% in the 4th quarter. Daymark Wealth Partners LLC now owns 74,380 shares of the company’s stock worth $7,313,000 after buying an additional 12,127 shares during the period. Comprehensive Wealth Management LLC grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 36.8% in the 3rd quarter. Comprehensive Wealth Management LLC now owns 73,274 shares of the company’s stock worth $7,084,000 after buying an additional 19,714 shares during the period. JBR Co Financial Management Inc increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 19.3% in the 3rd quarter. JBR Co Financial Management Inc now owns 31,806 shares of the company’s stock worth $3,075,000 after acquiring an additional 5,154 shares in the last quarter. Finally, Sage Private Wealth Group LLC increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 16.6% in the 3rd quarter. Sage Private Wealth Group LLC now owns 194,528 shares of the company’s stock worth $18,807,000 after acquiring an additional 27,725 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of NASDAQ AIRR opened at $109.77 on Friday. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $123.54. The firm has a 50-day moving average of $114.64 and a 200 day moving average of $104.10. The stock has a market cap of $7.65 billion, a P/E ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

About First Trust RBA American Industrial Renaissance ETF

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.