Southern Capital Services Inc. ADV Invests $6.48 Million in First Trust RBA American Industrial Renaissance ETF $AIRR

Southern Capital Services Inc. ADV purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 65,928 shares of the company’s stock, valued at approximately $6,482,000. First Trust RBA American Industrial Renaissance ETF makes up about 4.1% of Southern Capital Services Inc. ADV’s investment portfolio, making the stock its 10th largest position. Southern Capital Services Inc. ADV owned 0.09% of First Trust RBA American Industrial Renaissance ETF as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth $31,000. Park Square Financial Group LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at $47,000. CIBC Private Wealth Group LLC increased its stake 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 in the last quarter. Rothschild Investment LLC raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 39.7% in the fourth quarter. Rothschild Investment LLC now owns 510 shares of the company’s stock valued at $50,000 after buying an additional 145 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 41.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 510 shares of the company’s stock valued at $51,000 after buying an additional 150 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 firm’s 50-day simple moving average is $126.71 and its 200 day simple moving average is $115.73. The company has a market cap of $10.43 billion, a price-to-earnings ratio of 21.40 and a beta of 1.27. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $77.41 and a 12-month high of $133.50.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0668 dividend. This is a boost 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.

About First Trust RBA American Industrial Renaissance ETF

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.