Northwestern Mutual Wealth Management Co. Raises Stake in First Trust RBA American Industrial Renaissance ETF $AIRR

Northwestern Mutual Wealth Management Co. boosted its position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 15.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,299 shares of the company’s stock after buying an additional 58,984 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.64% of First Trust RBA American Industrial Renaissance ETF worth $44,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Condor Capital Management lifted its position in First Trust RBA American Industrial Renaissance ETF by 2.1% in the fourth quarter. Condor Capital Management now owns 4,419 shares of the company’s stock valued at $435,000 after purchasing an additional 89 shares during the last quarter. Guerra Pan Advisors LLC lifted its position in First Trust RBA American Industrial Renaissance ETF by 0.8% in the fourth quarter. Guerra Pan Advisors LLC now owns 13,537 shares of the company’s stock valued at $1,331,000 after purchasing an additional 108 shares during the last quarter. Archford Capital Strategies LLC lifted its position in First Trust RBA American Industrial Renaissance ETF by 2.0% in the fourth quarter. Archford Capital Strategies LLC now owns 5,727 shares of the company’s stock valued at $563,000 after purchasing an additional 110 shares during the last quarter. Summit Investment Advisory Services LLC lifted its position in First Trust RBA American Industrial Renaissance ETF by 5.6% in the fourth quarter. Summit Investment Advisory Services LLC now owns 2,409 shares of the company’s stock valued at $237,000 after purchasing an additional 127 shares during the last quarter. Finally, Integrity Wealth Advisors Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 4.7% in the third quarter. Integrity Wealth Advisors Inc. now owns 2,938 shares of the company’s stock valued at $284,000 after purchasing an additional 133 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR stock opened at $129.18 on Friday. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $75.18 and a fifty-two week high of $133.50. The stock has a 50 day moving average price of $121.57 and a two-hundred day moving average price of $112.24. The company has a market capitalization of $10.30 billion, a P/E ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.0668 dividend. The ex-dividend date was Thursday, March 26th. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.27 annualized dividend and a yield of 0.2%.

First Trust RBA American Industrial Renaissance ETF 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.