Robertson Stephens Wealth Management LLC Purchases New Shares in First Trust RBA American Industrial Renaissance ETF $AIRR

Robertson Stephens Wealth Management LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 8,636 shares of the company’s stock, valued at approximately $849,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AIRR. Hazlett Burt & Watson Inc. grew its holdings in shares of 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 buying an additional 240 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 107.4% during the third quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock worth $49,000 after buying an additional 260 shares during the last quarter. Main Street Group LTD purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter worth about $64,000. Caldwell Trust Co purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth about $69,000. Finally, Founders Financial Alliance LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter worth about $80,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

NASDAQ AIRR opened at $127.26 on Monday. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $71.49 and a 52-week high of $127.80. The business’s 50-day moving average price is $116.57 and its 200 day moving average price is $108.33. The firm has a market cap of $10.14 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 declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.0668 per share. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 26th.

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.