Strategic Financial Concepts LLC Lowers Stock Holdings in First Trust RBA American Industrial Renaissance ETF $AIRR

Strategic Financial Concepts LLC lessened its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 64.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,511 shares of the company’s stock after selling 4,528 shares during the quarter. Strategic Financial Concepts LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Frederick Financial Consultants LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 4.8% in the 2nd quarter. Frederick Financial Consultants LLC now owns 136,895 shares of the company’s stock valued at $11,143,000 after buying an additional 6,292 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 8.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 16,941 shares of the company’s stock valued at $1,379,000 after acquiring an additional 1,265 shares in the last quarter. Kovack Advisors Inc. purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the second quarter valued at about $248,000. IFG Advisory LLC increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 2.9% during the second quarter. IFG Advisory LLC now owns 55,359 shares of the company’s stock worth $4,506,000 after acquiring an additional 1,564 shares during the period. Finally, Assetmark Inc. raised its holdings in First Trust RBA American Industrial Renaissance ETF by 30.4% during the second quarter. Assetmark Inc. now owns 31,306 shares of the company’s stock worth $2,548,000 after purchasing an additional 7,297 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

AIRR opened at $99.92 on Monday. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $59.22 and a 12 month high of $101.70. The business has a 50 day simple moving average of $95.28 and a 200-day simple moving average of $85.53. The stock has a market capitalization of $6.12 billion, a P/E ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.0141 dividend. The ex-dividend date 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.