Prudential PLC Increases Stake in First Trust RBA American Industrial Renaissance ETF $AIRR

Prudential PLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 43.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 92,426 shares of the company’s stock after purchasing an additional 27,926 shares during the quarter. Prudential PLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $9,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its position in First Trust RBA American Industrial Renaissance ETF by 2,619.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock worth $1,041,002,000 after buying an additional 10,198,584 shares during the last quarter. Bank of America Corp DE grew its stake in First Trust RBA American Industrial Renaissance ETF by 17.1% in the 3rd 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 during the period. UBS Group AG grew its stake in First Trust RBA American Industrial Renaissance ETF by 9.9% in the 4th 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 during the period. Raymond James Financial Inc. grew its stake in First Trust RBA American Industrial Renaissance ETF by 10.3% in the 3rd 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 during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in First Trust RBA American Industrial Renaissance ETF by 0.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 992,070 shares of the company’s stock valued at $97,540,000 after acquiring an additional 5,833 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Down 2.9%

Shares of AIRR opened at $127.97 on Friday. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $77.16 and a 52-week high of $133.50. The firm’s fifty day moving average is $123.35 and its two-hundred day moving average is $113.37. The stock has a market cap of $10.20 billion, a PE ratio of 21.40 and a beta of 1.27.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.