First Trust RBA American Industrial Renaissance ETF $AIRR Shares Purchased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated raised its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 37.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,789 shares of the company’s stock after buying an additional 5,904 shares during the quarter. Silver Oak Securities Incorporated’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $2,170,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of AIRR. Bank of America Corp DE increased its position in First Trust RBA American Industrial Renaissance ETF by 17.1% in the 3rd quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock valued at $686,626,000 after acquiring an additional 1,036,237 shares during the period. BNP Paribas Financial Markets boosted its position in First Trust RBA American Industrial Renaissance ETF by 800.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 450,000 shares of the company’s stock worth $43,506,000 after acquiring an additional 400,000 shares during the period. Raymond James Financial Inc. boosted its position in First Trust RBA American Industrial Renaissance ETF by 10.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,816,953 shares of the company’s stock worth $175,663,000 after acquiring an additional 170,254 shares during the period. UBS Group AG grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 7.9% in the third quarter. UBS Group AG now owns 1,917,883 shares of the company’s stock worth $185,421,000 after purchasing an additional 140,507 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth $13,554,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR opened at $110.78 on Wednesday. First Trust RBA American Industrial Renaissance ETF has a one year low of $59.22 and a one year high of $123.54. The stock’s fifty day moving average is $114.47 and its 200-day moving average is $104.50. The firm has a market capitalization of $7.72 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0668 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.27 dividend on an annualized basis and a yield of 0.2%. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

First Trust RBA American Industrial Renaissance ETF 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.