Independent Financial Group LLC Invests $6.25 Million in First Trust RBA American Industrial Renaissance ETF $AIRR

Independent Financial Group LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 56,369 shares of the company’s stock, valued at approximately $6,245,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sankala Group LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth approximately $25,000. Truvestments Capital LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF in the 4th quarter valued at $31,000. Torren Management LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF in the 1st quarter valued at $43,000. Steigerwald Gordon & Koch Inc. lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 105.7% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 469 shares of the company’s stock worth $52,000 after purchasing an additional 241 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth $47,000.

First Trust RBA American Industrial Renaissance ETF Stock Down 0.8%

AIRR stock opened at $122.26 on Friday. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $82.39 and a 52-week high of $135.05. The stock’s fifty day simple moving average is $127.76 and its 200-day simple moving average is $119.45. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 21.40 and a beta of 1.27.

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.