Northwestern Mutual Wealth Management Co. Acquires 27,643 Shares of First Trust RBA American Industrial Renaissance ETF $AIRR

Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 510,524 shares of the company’s stock after buying an additional 27,643 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $68,027,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Abound Wealth Management acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the 2nd quarter valued at about $33,000. Sankala Group LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth approximately $25,000. Truvestments Capital LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at approximately $31,000. Torren Management LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter valued at approximately $43,000. Finally, Steigerwald Gordon & Koch Inc. increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 105.7% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 469 shares of the company’s stock valued at $52,000 after purchasing an additional 241 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

NASDAQ:AIRR opened at $106.04 on Wednesday. The stock’s fifty day moving average price is $121.10 and its two-hundred day moving average price is $121.31. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $89.50 and a 52-week high of $135.05. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 21.40 and a beta of 1.27.

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.