Smith Moore & CO. Purchases 5,812 Shares of First Trust RBA American Industrial Renaissance ETF $AIRR

Smith Moore & CO. raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 9.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 65,036 shares of the company’s stock after acquiring an additional 5,812 shares during the period. Smith Moore & CO.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $6,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AIRR. Armstrong Advisory Group Inc. bought a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at approximately $33,000. Hazlett Burt & Watson Inc. grew its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 200.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock worth $36,000 after purchasing an additional 240 shares during the last quarter. Main Street Group LTD purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth $64,000. Founders Financial Alliance LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF during the 3rd quarter valued at $80,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at $91,000.

First Trust RBA American Industrial Renaissance ETF Trading Down 3.8%

Shares of NASDAQ:AIRR opened at $113.48 on Friday. The company has a 50-day moving average price of $112.83 and a 200-day moving average price of $101.94. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $59.22 and a 12 month high of $123.54.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.