Redstone Wealth Management LLC Makes New Investment in First Trust RBA American Industrial Renaissance ETF $AIRR

Redstone Wealth Management LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 85,384 shares of the company’s stock, valued at approximately $8,395,000. First Trust RBA American Industrial Renaissance ETF accounts for about 6.6% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. Redstone Wealth Management LLC owned approximately 0.12% of First Trust RBA American Industrial Renaissance ETF at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Condor Capital Management boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 2.1% during the fourth quarter. Condor Capital Management now owns 4,419 shares of the company’s stock valued at $435,000 after purchasing an additional 89 shares during the period. Guerra Pan Advisors LLC boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 0.8% during the fourth quarter. Guerra Pan Advisors LLC now owns 13,537 shares of the company’s stock valued at $1,331,000 after purchasing an additional 108 shares during the period. Archford Capital Strategies LLC boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 2.0% during the fourth quarter. Archford Capital Strategies LLC now owns 5,727 shares of the company’s stock valued at $563,000 after purchasing an additional 110 shares during the period. Summit Investment Advisory Services LLC boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 5.6% during the fourth quarter. Summit Investment Advisory Services LLC now owns 2,409 shares of the company’s stock valued at $237,000 after purchasing an additional 127 shares during the period. Finally, Integrity Wealth Advisors Inc. boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 4.7% during the third quarter. Integrity Wealth Advisors Inc. now owns 2,938 shares of the company’s stock valued at $284,000 after purchasing an additional 133 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR opened at $125.06 on Monday. The firm has a market capitalization of $9.97 billion, a P/E ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $74.09 and a 12-month high of $133.50. The firm has a fifty day moving average price of $119.72 and a 200-day moving average price of $111.26.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid 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.

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.