Parkside Investments LLC Decreases Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Parkside Investments LLC trimmed its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 10.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,285 shares of the company’s stock after selling 17,359 shares during the period. First Trust RBA American Industrial Renaissance ETF makes up about 1.7% of Parkside Investments LLC’s portfolio, making the stock its 15th biggest position. Parkside Investments LLC owned about 0.23% of First Trust RBA American Industrial Renaissance ETF worth $13,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in First Trust RBA American Industrial Renaissance ETF by 115.9% during the 1st quarter. Jane Street Group LLC now owns 17,464 shares of the company’s stock valued at $1,191,000 after buying an additional 9,374 shares during the period. Envestnet Asset Management Inc. grew its holdings in First Trust RBA American Industrial Renaissance ETF by 18.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 282,382 shares of the company’s stock valued at $22,986,000 after purchasing an additional 43,444 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth about $1,480,000. Waterfront Wealth Inc. lifted its stake in First Trust RBA American Industrial Renaissance ETF by 8.0% in the second quarter. Waterfront Wealth Inc. now owns 6,169 shares of the company’s stock worth $502,000 after purchasing an additional 457 shares during the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in First Trust RBA American Industrial Renaissance ETF by 146.7% in the second quarter. Daymark Wealth Partners LLC now owns 47,142 shares of the company’s stock worth $3,837,000 after purchasing an additional 28,036 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR opened at $120.03 on Wednesday. The stock’s 50 day moving average price is $110.38 and its 200-day moving average price is $100.75. 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 cap of $8.36 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.0276 dividend. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.11 annualized dividend and a 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.