Maltin Wealth Management Inc. Invests $1.91 Million in First Trust RBA American Industrial Renaissance ETF $AIRR

Maltin Wealth Management Inc. purchased a new stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,508 shares of the company’s stock, valued at approximately $1,914,000.

Several other hedge funds also recently added to or reduced their stakes in AIRR. OneDigital Investment Advisors LLC lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 86.7% during the 1st quarter. OneDigital Investment Advisors LLC now owns 5,088 shares of the company’s stock worth $347,000 after buying an additional 2,363 shares during the last quarter. Bank of New York Mellon Corp raised its stake in First Trust RBA American Industrial Renaissance ETF by 52.6% during the 1st quarter. Bank of New York Mellon Corp now owns 4,109 shares of the company’s stock worth $280,000 after acquiring an additional 1,417 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 47.0% in the first quarter. Envestnet Asset Management Inc. now owns 238,938 shares of the company’s stock valued at $16,298,000 after acquiring an additional 76,373 shares during the last quarter. Brown Advisory Inc. boosted its stake in First Trust RBA American Industrial Renaissance ETF by 52.7% in the first quarter. Brown Advisory Inc. now owns 11,001 shares of the company’s stock valued at $750,000 after acquiring an additional 3,799 shares in the last quarter. Finally, Stratos Investment Management LLC grew its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 15.9% during the first quarter. Stratos Investment Management LLC now owns 3,038 shares of the company’s stock worth $207,000 after purchasing an additional 416 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR opened at $96.99 on Friday. First Trust RBA American Industrial Renaissance ETF has a one year low of $59.22 and a one year high of $101.70. The stock has a market capitalization of $5.96 billion, a P/E ratio of 21.40 and a beta of 1.29. The business’s 50-day simple moving average is $95.76 and its 200-day simple moving average is $86.14.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

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

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.