Cwm LLC Decreases Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Cwm LLC cut its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,248 shares of the company’s stock after selling 6,423 shares during the period. Cwm LLC owned approximately 0.12% of First Trust RBA American Industrial Renaissance ETF worth $1,451,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Advisors LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 193.9% during the 1st quarter. Cetera Advisors LLC now owns 18,322 shares of the company’s stock valued at $1,234,000 after acquiring an additional 12,088 shares during the period. Cetera Investment Advisers increased its holdings in First Trust RBA American Industrial Renaissance ETF by 153.7% during the 1st quarter. Cetera Investment Advisers now owns 80,812 shares of the company’s stock valued at $5,441,000 after purchasing an additional 48,954 shares during the period. Independent Wealth Network Inc. purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 1st quarter worth approximately $247,000. Jaffetilchin Investment Partners LLC grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 446.5% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 84,901 shares of the company’s stock worth $5,716,000 after buying an additional 69,365 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 3.8% during the first quarter. Comerica Bank now owns 20,234 shares of the company’s stock valued at $1,362,000 after buying an additional 746 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR stock traded down $0.23 on Friday, reaching $68.42. The company’s stock had a trading volume of 23,363 shares, compared to its average volume of 150,036. The firm has a market cap of $1.34 billion, a PE ratio of 23.16 and a beta of 1.25. The business has a fifty day simple moving average of $69.97 and a two-hundred day simple moving average of $66.09. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $46.71 and a 12-month high of $75.92.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a $0.0333 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Thursday, June 27th.

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.