Mach 1 Financial Group LLC Takes $5.25 Million Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Mach 1 Financial Group LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the 4th quarter, Holdings Channel reports. The fund bought 53,381 shares of the company’s stock, valued at approximately $5,248,000. First Trust RBA American Industrial Renaissance ETF comprises approximately 1.1% of Mach 1 Financial Group LLC’s portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of AIRR. Hazlett Burt & Watson Inc. increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 200.0% in the 3rd 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. Park Square Financial Group LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth about $47,000. CIBC Private Wealth Group LLC increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 107.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock worth $49,000 after purchasing an additional 260 shares during the last quarter. Main Street Group LTD bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth about $64,000. Finally, Caldwell Trust Co bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth about $69,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

AIRR opened at $125.34 on Thursday. The company has a 50-day moving average of $119.22 and a 200-day moving average of $110.91. The company has a market capitalization of $9.99 billion, a P/E ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $74.09 and a 1-year high of $133.50.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.