Sovran Advisors LLC Boosts Stake in First Trust RBA American Industrial Renaissance ETF $AIRR

Sovran Advisors LLC grew its position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 149.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,629 shares of the company’s stock after acquiring an additional 33,943 shares during the quarter. Sovran Advisors LLC owned about 0.09% of First Trust RBA American Industrial Renaissance ETF worth $5,614,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new position in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at approximately $33,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at $91,000. Bank of Montreal Can purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the 2nd quarter worth $100,000. Private Trust Co. NA increased its holdings in First Trust RBA American Industrial Renaissance ETF by 128.1% in the 3rd quarter. Private Trust Co. NA now owns 1,357 shares of the company’s stock valued at $131,000 after purchasing an additional 762 shares in the last quarter. Finally, Archer Investment Corp lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 126.7% during the second quarter. Archer Investment Corp now owns 1,700 shares of the company’s stock worth $138,000 after purchasing an additional 950 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR stock opened at $112.09 on Monday. The firm has a market cap of $7.64 billion, a P/E ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $115.80. The stock has a 50-day simple moving average of $101.95 and a 200-day simple moving average of $96.00.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.0276 per share. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, December 12th.

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.