N.E.W. Advisory Services LLC Grows Stock Holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

N.E.W. Advisory Services LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 107.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,006 shares of the company’s stock after acquiring an additional 62,247 shares during the period. N.E.W. Advisory Services LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $8,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 136.1% in the fourth quarter. Bank of America Corp DE now owns 3,533,091 shares of the company’s stock valued at $272,189,000 after purchasing an additional 2,036,464 shares during the period. LPL Financial LLC grew its position in First Trust RBA American Industrial Renaissance ETF by 26.4% in the 1st quarter. LPL Financial LLC now owns 3,354,942 shares of the company’s stock valued at $228,841,000 after buying an additional 700,521 shares during the last quarter. Wells Fargo & Company MN acquired a new position in First Trust RBA American Industrial Renaissance ETF in the 4th quarter valued at $69,810,000. Cambridge Investment Research Advisors Inc. raised its position in First Trust RBA American Industrial Renaissance ETF by 36.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 813,423 shares of the company’s stock worth $55,484,000 after buying an additional 218,355 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 44.1% in the 4th quarter. Royal Bank of Canada now owns 621,498 shares of the company’s stock worth $47,880,000 after acquiring an additional 190,251 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Down 0.5%

Shares of NASDAQ:AIRR opened at $88.10 on Tuesday. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $59.22 and a fifty-two week high of $89.06. The firm’s 50-day simple moving average is $80.75 and its 200-day simple moving average is $75.70. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 21.40 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.0662 per share. This represents a $0.26 annualized dividend and a yield of 0.30%. 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.