First Trust RBA American Industrial Renaissance ETF $AIRR Position Increased by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 3.8% in the second quarter, Holdings Channel.com reports. The firm owned 52,173 shares of the company’s stock after acquiring an additional 1,924 shares during the quarter. Focus Financial Network Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $4,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in First Trust RBA American Industrial Renaissance ETF by 26.4% during the 1st quarter. LPL Financial LLC now owns 3,354,942 shares of the company’s stock valued at $228,841,000 after purchasing an additional 700,521 shares during the last quarter. Parcion Private Wealth LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth about $28,989,000. Cambridge Investment Research Advisors Inc. lifted 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 valued at $55,484,000 after purchasing an additional 218,355 shares during the period. Royal Bank of Canada increased 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 valued at $47,880,000 after acquiring an additional 190,251 shares during the last quarter. Finally, Presidio Capital Management LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter valued at about $9,932,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR opened at $92.71 on Thursday. The stock has a 50 day simple moving average of $89.09 and a 200 day simple moving average of $78.79. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $59.22 and a 52-week high of $95.06. The firm has a market capitalization of $4.86 billion, a PE ratio of 21.40 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.26 dividend on an annualized basis and a yield of 0.3%.

About First Trust RBA American Industrial Renaissance ETF

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.