Wells Fargo & Company MN Acquires New Shares in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Wells Fargo & Company MN bought a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 906,153 shares of the company’s stock, valued at approximately $69,810,000. Wells Fargo & Company MN owned approximately 2.07% of First Trust RBA American Industrial Renaissance ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC raised its position in First Trust RBA American Industrial Renaissance ETF by 42.7% in the 4th quarter. LPL Financial LLC now owns 2,654,421 shares of the company’s stock worth $204,497,000 after buying an additional 794,494 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at approximately $137,940,000. Kestra Advisory Services LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 43.2% in the fourth quarter. Kestra Advisory Services LLC now owns 402,878 shares of the company’s stock worth $31,038,000 after purchasing an additional 121,515 shares during the last quarter. Meitav Investment House Ltd. bought a new stake in First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth approximately $26,942,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in First Trust RBA American Industrial Renaissance ETF by 12.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 282,793 shares of the company’s stock valued at $21,823,000 after buying an additional 31,000 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

AIRR stock opened at $61.92 on Wednesday. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $86.95. The company has a market cap of $2.83 billion, a P/E ratio of 19.74 and a beta of 1.25. The stock’s fifty day moving average price is $72.09 and its 200-day moving average price is $76.89.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.075 per share. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Thursday, March 27th.

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.