85,384 Shares in First Trust RBA American Industrial Renaissance ETF $AIRR Purchased by Redstone Wealth Management LLC

Redstone Wealth Management LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the fourth quarter, HoldingsChannel reports. The fund acquired 85,384 shares of the company’s stock, valued at approximately $8,395,000. First Trust RBA American Industrial Renaissance ETF comprises 6.6% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in AIRR. Jane Street Group LLC lifted its stake in 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. The Manufacturers Life Insurance Company purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the second quarter worth about $348,000. Raymond James Financial Inc. lifted its stake in First Trust RBA American Industrial Renaissance ETF by 0.8% in the second quarter. Raymond James Financial Inc. now owns 1,646,699 shares of the company’s stock worth $134,041,000 after acquiring an additional 13,099 shares during the period. Ausdal Financial Partners Inc. lifted its stake in First Trust RBA American Industrial Renaissance ETF by 144.9% in the second quarter. Ausdal Financial Partners Inc. now owns 10,488 shares of the company’s stock worth $854,000 after acquiring an additional 6,205 shares during the period. Finally, Bank of America Corp DE lifted its stake in First Trust RBA American Industrial Renaissance ETF by 3.8% in the second quarter. Bank of America Corp DE now owns 6,065,807 shares of the company’s stock worth $493,757,000 after acquiring an additional 220,666 shares during the period.

First Trust RBA American Industrial Renaissance ETF Price Performance

NASDAQ:AIRR opened at $125.06 on Monday. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $74.09 and a 1-year high of $133.50. The company has a 50-day moving average of $119.72 and a 200 day moving average of $111.26. The firm has a market cap of $9.97 billion, a PE ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.