Howe & Rusling Inc. Sells 201 Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Howe & Rusling Inc. reduced its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 37.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 340 shares of the company’s stock after selling 201 shares during the period. Howe & Rusling Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $26,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AssuredPartners Investment Advisors LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter valued at approximately $2,190,000. JPMorgan Chase & Co. increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 69.9% in the fourth quarter. JPMorgan Chase & Co. now owns 85,884 shares of the company’s stock valued at $6,617,000 after buying an additional 35,336 shares during the period. Tyler Stone Wealth Management raised its holdings in First Trust RBA American Industrial Renaissance ETF by 124.0% in the 4th quarter. Tyler Stone Wealth Management now owns 10,799 shares of the company’s stock valued at $832,000 after buying an additional 5,978 shares during the last quarter. Ausdal Financial Partners Inc. acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth approximately $217,000. Finally, Signature Estate & Investment Advisors LLC grew its holdings in First Trust RBA American Industrial Renaissance ETF by 7.9% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 36,801 shares of the company’s stock worth $2,835,000 after acquiring an additional 2,694 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR stock opened at $68.27 on Friday. The company has a market capitalization of $2.99 billion, a P/E ratio of 22.32 and a beta of 1.25. The company has a fifty day moving average price of $74.72 and a 200-day moving average price of $77.21. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $61.36 and a 52-week high of $86.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, March 27th. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. This represents a $0.30 annualized dividend and a yield of 0.44%.

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.