First Trust RBA American Industrial Renaissance ETF $AIRR Shares Sold by MRA Advisory Group

MRA Advisory Group reduced its position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 9.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 46,895 shares of the company’s stock after selling 4,635 shares during the period. First Trust RBA American Industrial Renaissance ETF accounts for 2.0% of MRA Advisory Group’s portfolio, making the stock its 13th biggest position. MRA Advisory Group’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $4,534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AIRR. Guerra Pan Advisors LLC lifted its stake in First Trust RBA American Industrial Renaissance ETF by 7.4% in the 2nd quarter. Guerra Pan Advisors LLC now owns 13,429 shares of the company’s stock valued at $1,093,000 after buying an additional 923 shares in the last quarter. Bank of Montreal Can purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the 2nd quarter worth approximately $100,000. JBR Co Financial Management Inc raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 19.3% during the third quarter. JBR Co Financial Management Inc now owns 31,806 shares of the company’s stock valued at $3,075,000 after acquiring an additional 5,154 shares during the last quarter. Guided Capital Wealth Management LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at approximately $5,375,000. Finally, Sage Private Wealth Group LLC lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 16.6% in the third quarter. Sage Private Wealth Group LLC now owns 194,528 shares of the company’s stock valued at $18,807,000 after acquiring an additional 27,725 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR opened at $119.16 on Monday. The stock has a 50 day moving average price of $107.69 and a 200 day moving average price of $99.15. First Trust RBA American Industrial Renaissance ETF has a one year low of $59.22 and a one year high of $123.54. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.0276 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.1%.

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.