Stegent Equity Advisors Inc. Increases Holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Stegent Equity Advisors Inc. increased its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 426.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 27,027 shares of the company’s stock after buying an additional 21,896 shares during the quarter. First Trust RBA American Industrial Renaissance ETF makes up about 1.8% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 21st largest position. Stegent Equity Advisors Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $1,563,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. LPL Financial LLC grew its position in First Trust RBA American Industrial Renaissance ETF by 54.2% during the third quarter. LPL Financial LLC now owns 868,861 shares of the company’s stock worth $44,764,000 after buying an additional 305,308 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in First Trust RBA American Industrial Renaissance ETF by 5.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 711,182 shares of the company’s stock worth $41,135,000 after buying an additional 36,465 shares in the last quarter. UBS Group AG grew its position in First Trust RBA American Industrial Renaissance ETF by 27.6% during the third quarter. UBS Group AG now owns 498,689 shares of the company’s stock worth $25,692,000 after buying an additional 107,823 shares in the last quarter. International Assets Investment Management LLC grew its position in First Trust RBA American Industrial Renaissance ETF by 5,949.1% during the fourth quarter. International Assets Investment Management LLC now owns 337,479 shares of the company’s stock worth $19,520,000 after buying an additional 331,900 shares in the last quarter. Finally, Raymond James & Associates grew its position in First Trust RBA American Industrial Renaissance ETF by 7.6% during the fourth quarter. Raymond James & Associates now owns 280,876 shares of the company’s stock worth $16,246,000 after buying an additional 19,851 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

AIRR stock traded down $1.77 during mid-day trading on Tuesday, hitting $63.70. 131,546 shares of the stock were exchanged, compared to its average volume of 93,901. The business has a fifty day moving average price of $64.04 and a 200 day moving average price of $57.37. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $44.17 and a 12 month high of $67.74. The stock has a market capitalization of $885.43 million, a price-to-earnings ratio of 21.23 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.0096 per share. This represents a $0.04 annualized dividend and a yield of 0.06%. The ex-dividend date of this dividend was Thursday, March 21st.

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.