Smith Moore & CO. Raises Stake in First Trust RBA American Industrial Renaissance ETF $AIRR

Smith Moore & CO. increased its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 9.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,036 shares of the company’s stock after buying an additional 5,812 shares during the period. Smith Moore & CO. owned about 0.11% of First Trust RBA American Industrial Renaissance ETF worth $6,288,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. bought a new stake in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at about $33,000. Hazlett Burt & Watson Inc. boosted its position in First Trust RBA American Industrial Renaissance ETF by 200.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock worth $36,000 after purchasing an additional 240 shares during the period. Main Street Group LTD purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth about $64,000. Founders Financial Alliance LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth about $80,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the second quarter valued at approximately $91,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR stock opened at $113.48 on Friday. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. The company’s fifty day simple moving average is $112.83 and its two-hundred day simple moving average is $101.94. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $123.54.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid 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 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th.

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.