Assetmark Inc. Raises Stock Holdings in First Trust RBA American Industrial Renaissance ETF $AIRR

Assetmark Inc. increased its position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 30.4% in the second quarter, HoldingsChannel.com reports. The fund owned 31,306 shares of the company’s stock after buying an additional 7,297 shares during the period. Assetmark Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $2,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AIRR. TD Capital Management LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 1st quarter valued at about $27,000. Capital Analysts LLC lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 53.2% in the 1st quarter. Capital Analysts LLC now owns 409 shares of the company’s stock valued at $28,000 after buying an additional 142 shares during the period. North Star Investment Management Corp. acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter valued at about $41,000. Capital Investment Advisory Services LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter valued at about $49,000. Finally, IFP Advisors Inc lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 46.6% in the 1st quarter. IFP Advisors Inc now owns 1,116 shares of the company’s stock valued at $76,000 after buying an additional 355 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Down 1.5%

Shares of AIRR stock opened at $98.21 on Wednesday. The stock has a market cap of $6.02 billion, a PE ratio of 21.40 and a beta of 1.29. The business has a 50-day simple moving average of $95.56 and a 200-day simple moving average of $85.98. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $59.22 and a 52-week high of $101.70.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

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

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.