Lane Brothers & Co. Inc. Takes $3.07 Million Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Lane Brothers & Co. Inc. acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 31,256 shares of the company’s stock, valued at approximately $3,073,000. First Trust RBA American Industrial Renaissance ETF comprises 2.2% of Lane Brothers & Co. Inc.’s portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sankala Group LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth approximately $25,000. Truvestments Capital LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at approximately $31,000. Park Square Financial Group LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at approximately $47,000. CIBC Private Wealth Group LLC boosted its position 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 purchasing an additional 260 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 41.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 510 shares of the company’s stock worth $51,000 after purchasing an additional 150 shares during the period.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR stock opened at $130.90 on Friday. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 21.40 and a beta of 1.27. First Trust RBA American Industrial Renaissance ETF has a one year low of $77.41 and a one year high of $133.50. The company’s fifty day moving average price is $126.71 and its 200-day moving average price is $115.73.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.