World Equity Group Inc. Has $3.52 Million Stock Holdings in First Trust RBA American Industrial Renaissance ETF $AIRR

World Equity Group Inc. raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 1,148.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 36,426 shares of the company’s stock after purchasing an additional 33,508 shares during the quarter. First Trust RBA American Industrial Renaissance ETF makes up approximately 0.8% of World Equity Group Inc.’s holdings, making the stock its 23rd largest holding. World Equity Group Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $3,522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Barnes Wealth Management Group Inc grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 3.6% during the second quarter. Barnes Wealth Management Group Inc now owns 3,326 shares of the company’s stock worth $271,000 after purchasing an additional 117 shares during the period. Quad Cities Investment Group LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 1.9% during the third quarter. Quad Cities Investment Group LLC now owns 8,914 shares of the company’s stock worth $862,000 after buying an additional 168 shares during the last quarter. StoneX Group Inc. grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 5.0% during the 2nd quarter. StoneX Group Inc. now owns 3,582 shares of the company’s stock worth $292,000 after buying an additional 172 shares during the period. Great Valley Advisor Group Inc. grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 1.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 17,010 shares of the company’s stock worth $1,385,000 after buying an additional 194 shares during the period. Finally, Snowden Capital Advisors LLC raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 3.2% in the 2nd quarter. Snowden Capital Advisors LLC now owns 6,841 shares of the company’s stock valued at $557,000 after acquiring an additional 214 shares during the period.

First Trust RBA American Industrial Renaissance ETF Price Performance

First Trust RBA American Industrial Renaissance ETF stock opened at $107.60 on Friday. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. The company’s 50 day simple moving average is $99.01 and its 200 day simple moving average is $93.75. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $59.22 and a fifty-two week high of $108.20.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.0276 per share. 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%. The ex-dividend date of this dividend was Friday, December 12th.

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.