First Trust RBA American Industrial Renaissance ETF $AIRR Stake Lessened by Cascade Investment Group Inc.

Cascade Investment Group Inc. cut its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 71.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,222 shares of the company’s stock after selling 15,314 shares during the quarter. Cascade Investment Group Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AIRR. Abound Wealth Management acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the second quarter valued at approximately $33,000. Sankala Group LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter valued at approximately $25,000. Torren Management LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter valued at approximately $43,000. Steigerwald Gordon & Koch Inc. increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 105.7% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 469 shares of the company’s stock valued at $52,000 after purchasing an additional 241 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 242.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 480 shares of the company’s stock valued at $64,000 after purchasing an additional 340 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock traded down $1.20 during trading on Tuesday, hitting $101.81. 650,073 shares of the stock were exchanged, compared to its average volume of 756,388. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 21.40 and a beta of 1.28. The firm’s 50-day moving average price is $110.79 and its 200 day moving average price is $119.40. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $90.51 and a 12-month high of $135.05.

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.