Mach 1 Financial Group LLC Takes $5.25 Million Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Mach 1 Financial Group LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 53,381 shares of the company’s stock, valued at approximately $5,248,000. First Trust RBA American Industrial Renaissance ETF comprises approximately 1.1% of Mach 1 Financial Group LLC’s holdings, making the stock its 23rd largest holding. Mach 1 Financial Group LLC owned 0.08% of First Trust RBA American Industrial Renaissance ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hazlett Burt & Watson Inc. raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 200.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock valued at $36,000 after buying an additional 240 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at about $47,000. CIBC Private Wealth Group LLC raised its holdings 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 valued at $49,000 after buying an additional 260 shares during the last quarter. Main Street Group LTD purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $64,000. Finally, Caldwell Trust Co purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at about $69,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ:AIRR opened at $125.34 on Thursday. The company has a 50-day simple moving average of $119.22 and a 200-day simple moving average of $110.91. First Trust RBA American Industrial Renaissance ETF has a one year low of $74.09 and a one year high of $133.50. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company 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 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 26th.

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.