Cutter & CO Brokerage Inc. Buys Shares of 3,141 First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Cutter & CO Brokerage Inc. bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,141 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DAVENPORT & Co LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter worth $301,000. Ausdal Financial Partners Inc. purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth $217,000. AssuredPartners Investment Advisors LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth $2,190,000. Concentrum Wealth Management purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth $466,000. Finally, GAMMA Investing LLC increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 6,720.8% in the 1st quarter. GAMMA Investing LLC now owns 19,644 shares of the company’s stock worth $1,340,000 after purchasing an additional 19,356 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock opened at $84.61 on Tuesday. The company has a market capitalization of $4.16 billion, a P/E ratio of 21.40 and a beta of 1.25. The company has a fifty day moving average of $78.54 and a 200 day moving average of $75.10. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $59.22 and a fifty-two week high of $86.95.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.0662 dividend. This represents a $0.26 annualized dividend and a yield of 0.31%. The ex-dividend date was Thursday, June 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.