Belpointe Asset Management LLC Decreases Stake in First Trust RBA American Industrial Renaissance ETF $AIRR

Belpointe Asset Management LLC reduced its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,459 shares of the company’s stock after selling 237 shares during the period. Belpointe Asset Management LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealthcare Advisory Partners LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 68.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 19,749 shares of the company’s stock worth $1,608,000 after buying an additional 8,052 shares in the last quarter. Ergawealth Advisors Inc. purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the second quarter worth about $204,000. Accel Wealth Management raised its stake in First Trust RBA American Industrial Renaissance ETF by 14.8% during the second quarter. Accel Wealth Management now owns 5,374 shares of the company’s stock worth $437,000 after purchasing an additional 694 shares during the period. Precedent Wealth Partners LLC raised its stake in First Trust RBA American Industrial Renaissance ETF by 8.3% during the second quarter. Precedent Wealth Partners LLC now owns 50,497 shares of the company’s stock worth $4,110,000 after purchasing an additional 3,888 shares during the period. Finally, Curran Financial Partners LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the second quarter worth about $297,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR stock opened at $97.47 on Wednesday. The firm’s 50-day moving average is $92.11 and its two-hundred day moving average is $81.46. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $59.22 and a 12 month high of $99.17. The company has a market capitalization of $5.64 billion, a PE ratio of 21.40 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.0141 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%.

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.