3,045 Shares in First Trust RBA American Industrial Renaissance ETF $AIRR Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 3,045 shares of the company’s stock, valued at approximately $248,000.

Several other large investors have also recently added to or reduced their stakes in AIRR. LPL Financial LLC raised its holdings in First Trust RBA American Industrial Renaissance ETF by 26.4% during the first quarter. LPL Financial LLC now owns 3,354,942 shares of the company’s stock worth $228,841,000 after purchasing an additional 700,521 shares in the last quarter. Parcion Private Wealth LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the first quarter worth about $28,989,000. Royal Bank of Canada raised its holdings in First Trust RBA American Industrial Renaissance ETF by 29.1% during the first quarter. Royal Bank of Canada now owns 802,079 shares of the company’s stock worth $54,710,000 after purchasing an additional 180,581 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in First Trust RBA American Industrial Renaissance ETF by 48.4% during the first quarter. Commonwealth Equity Services LLC now owns 406,770 shares of the company’s stock worth $27,746,000 after purchasing an additional 132,678 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in First Trust RBA American Industrial Renaissance ETF by 69.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 295,482 shares of the company’s stock worth $20,155,000 after purchasing an additional 120,764 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Up 0.8%

NASDAQ AIRR opened at $99.92 on Monday. The stock has a market capitalization of $6.12 billion, a P/E ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $59.22 and a 52-week high of $101.70. The firm has a 50-day moving average price of $95.28 and a 200 day moving average price of $85.53.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.0141 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.06 annualized dividend and a dividend yield of 0.1%.

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.