82,715 Shares in First Trust RBA American Industrial Renaissance ETF $AIRR Acquired by Thryve Wealth Management LLC

Thryve Wealth Management LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 82,715 shares of the company’s stock, valued at approximately $8,133,000. First Trust RBA American Industrial Renaissance ETF accounts for 4.0% of Thryve Wealth Management LLC’s holdings, making the stock its 3rd biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in First Trust RBA American Industrial Renaissance ETF by 2,619.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock valued at $1,041,002,000 after buying an additional 10,198,584 shares during the period. Bank of America Corp DE raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 17.1% during the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock worth $686,626,000 after acquiring an additional 1,036,237 shares in the last quarter. Morgan Stanley raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12.2% during the fourth quarter. Morgan Stanley now owns 5,279,524 shares of the company’s stock worth $519,083,000 after acquiring an additional 575,709 shares in the last quarter. Raymond James Financial Inc. boosted its position in First Trust RBA American Industrial Renaissance ETF by 28.0% during the fourth quarter. Raymond James Financial Inc. now owns 2,325,393 shares of the company’s stock valued at $228,633,000 after purchasing an additional 508,440 shares during the last quarter. Finally, LPL Financial LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 12.0% during the fourth quarter. LPL Financial LLC now owns 4,570,226 shares of the company’s stock valued at $449,345,000 after purchasing an additional 490,347 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of NASDAQ AIRR opened at $130.90 on Friday. The business’s 50-day moving average price is $126.47 and its two-hundred day moving average price is $115.62. 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 has a market capitalization of $10.43 billion, a P/E ratio of 21.40 and a beta of 1.27.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.