Parkside Investments LLC Reduces Stake in First Trust RBA American Industrial Renaissance ETF $AIRR

Parkside Investments LLC cut its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 10.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,285 shares of the company’s stock after selling 17,359 shares during the quarter. First Trust RBA American Industrial Renaissance ETF accounts for about 1.7% of Parkside Investments LLC’s portfolio, making the stock its 15th largest holding. Parkside Investments LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $13,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Jane Street Group LLC increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 115.9% in the first quarter. Jane Street Group LLC now owns 17,464 shares of the company’s stock worth $1,191,000 after acquiring an additional 9,374 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 18.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 282,382 shares of the company’s stock worth $22,986,000 after purchasing an additional 43,444 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at approximately $1,480,000. Waterfront Wealth Inc. lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 8.0% in the 2nd quarter. Waterfront Wealth Inc. now owns 6,169 shares of the company’s stock valued at $502,000 after purchasing an additional 457 shares during the period. Finally, Daymark Wealth Partners LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 146.7% in the 2nd quarter. Daymark Wealth Partners LLC now owns 47,142 shares of the company’s stock valued at $3,837,000 after purchasing an additional 28,036 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ AIRR opened at $120.03 on Wednesday. The company has a market capitalization of $8.36 billion, a PE ratio of 21.40 and a beta of 1.29. The company’s fifty day moving average price is $110.38 and its 200 day moving average price is $100.75. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $123.54.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.0276 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01.

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.