Investment Advisory Services Group LLC Acquires Shares of 24,766 First Trust RBA American Industrial Renaissance ETF $AIRR

Investment Advisory Services Group LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 24,766 shares of the company’s stock, valued at approximately $2,435,000. First Trust RBA American Industrial Renaissance ETF makes up about 2.2% of Investment Advisory Services Group LLC’s holdings, making the stock its 12th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its holdings in First Trust RBA American Industrial Renaissance ETF by 200.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock valued at $36,000 after buying an additional 240 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in First Trust RBA American Industrial Renaissance ETF by 107.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock valued at $49,000 after buying an additional 260 shares in the last quarter. Main Street Group LTD purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at $64,000. Caldwell Trust Co purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at $69,000. Finally, Founders Financial Alliance LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at $80,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR stock opened at $129.34 on Wednesday. The firm has a fifty day moving average price of $117.82 and a 200 day moving average price of $109.74. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $74.09 and a fifty-two week high of $133.50. The firm has a market cap of $10.31 billion, a PE 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 Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0668 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 26th.

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.