Northwestern Mutual Wealth Management Co. Acquires 58,984 Shares of First Trust RBA American Industrial Renaissance ETF $AIRR

Northwestern Mutual Wealth Management Co. increased its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 15.2% in the 4th quarter, Holdings Channel reports. The fund owned 448,299 shares of the company’s stock after buying an additional 58,984 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $44,077,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Bank of America Corp DE increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 17.1% during the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock valued at $686,626,000 after acquiring an additional 1,036,237 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 800.0% during the third quarter. BNP Paribas Financial Markets now owns 450,000 shares of the company’s stock valued at $43,506,000 after acquiring an additional 400,000 shares in the last quarter. UBS Group AG increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 9.9% during the fourth quarter. UBS Group AG now owns 2,107,557 shares of the company’s stock valued at $207,215,000 after acquiring an additional 189,674 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 10.3% during the third quarter. Raymond James Financial Inc. now owns 1,816,953 shares of the company’s stock valued at $175,663,000 after acquiring an additional 170,254 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter valued at $13,554,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of NASDAQ:AIRR opened at $129.18 on Friday. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $75.18 and a 1-year high of $133.50. The business has a fifty day moving average price of $121.57 and a 200-day moving average price of $112.24. The company has a market capitalization of $10.30 billion, a PE ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0668 per share. The ex-dividend date was Thursday, March 26th. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.27 annualized dividend and a dividend yield of 0.2%.

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.