Northwestern Mutual Wealth Management Co. Acquires 10,198,584 Shares of First Trust RBA American Industrial Renaissance ETF $AIRR

Northwestern Mutual Wealth Management Co. lifted its position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 2,619.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,587,899 shares of the company’s stock after buying an additional 10,198,584 shares during the quarter. First Trust RBA American Industrial Renaissance ETF comprises approximately 0.5% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 29th biggest position. Northwestern Mutual Wealth Management Co. owned approximately 15.32% of First Trust RBA American Industrial Renaissance ETF worth $1,041,002,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 17.1% during the 3rd quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock valued at $686,626,000 after purchasing an additional 1,036,237 shares during the last quarter. UBS Group AG lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 9.9% during the 4th quarter. UBS Group AG now owns 2,107,557 shares of the company’s stock valued at $207,215,000 after purchasing an additional 189,674 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 10.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,816,953 shares of the company’s stock valued at $175,663,000 after purchasing an additional 170,254 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 800.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 450,000 shares of the company’s stock valued at $43,506,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 33.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 377,267 shares of the company’s stock valued at $36,474,000 after purchasing an additional 94,885 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ AIRR opened at $127.76 on Friday. First Trust RBA American Industrial Renaissance ETF has a 52 week low of $74.09 and a 52 week high of $133.50. The stock has a market capitalization of $10.18 billion, a P/E ratio of 21.40 and a beta of 1.29. The stock’s fifty day moving average is $118.50 and its 200 day moving average is $110.31.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0668 dividend. This is an increase 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%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust RBA American Industrial Renaissance ETF Company 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.