Lane Brothers & Co. Inc. Cuts Stake in First Trust RBA American Industrial Renaissance ETF $AIRR

Lane Brothers & Co. Inc. cut its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 14.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,794 shares of the company’s stock after selling 4,462 shares during the quarter. First Trust RBA American Industrial Renaissance ETF makes up approximately 2.2% of Lane Brothers & Co. Inc.’s portfolio, making the stock its 12th largest holding. Lane Brothers & Co. Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $2,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sankala Group LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth about $25,000. Truvestments Capital LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at approximately $31,000. Torren Management LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter valued at approximately $43,000. Park Square Financial Group LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at approximately $47,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 107.4% in the third quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock worth $49,000 after acquiring an additional 260 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR opened at $123.23 on Thursday. First Trust RBA American Industrial Renaissance ETF has a one year low of $82.22 and a one year high of $135.05. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 21.40 and a beta of 1.27. The stock has a 50 day moving average price of $127.89 and a 200 day moving average price of $119.30.

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.