Harbour Investments Inc. Increases Stock Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Harbour Investments Inc. raised its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 13.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,730 shares of the company’s stock after purchasing an additional 21,555 shares during the period. Harbour Investments Inc. owned 0.35% of First Trust RBA American Industrial Renaissance ETF worth $14,630,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AIRR. Wealth Enhancement Advisory Services LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 55.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 55,213 shares of the company’s stock valued at $3,766,000 after buying an additional 19,699 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 29.4% during the first quarter. Janney Montgomery Scott LLC now owns 84,611 shares of the company’s stock valued at $5,771,000 after buying an additional 19,230 shares during the period. Sowell Financial Services LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the first quarter valued at approximately $351,000. Cornerstone Wealth Management LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the first quarter valued at approximately $1,015,000. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 68.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 7,464 shares of the company’s stock valued at $511,000 after buying an additional 3,020 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR opened at $97.73 on Wednesday. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 21.40 and a beta of 1.25. The company’s 50 day simple moving average is $93.13 and its 200 day simple moving average is $82.38. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $99.85.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 annualized dividend and a dividend yield of 0.1%.

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.