Concentrum Wealth Management Invests $441,000 in First Trust RBA American Industrial Renaissance ETF $AIRR

Concentrum Wealth Management purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the 4th quarter, Holdings Channel reports. The firm purchased 4,488 shares of the company’s stock, valued at approximately $441,000.

Several other institutional investors also recently modified their holdings of the stock. Summit Investment Advisory Services LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 5.6% during the fourth quarter. Summit Investment Advisory Services LLC now owns 2,409 shares of the company’s stock worth $237,000 after buying an additional 127 shares in the last quarter. Nwam LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 14.4% during the fourth quarter. Nwam LLC now owns 47,114 shares of the company’s stock worth $4,632,000 after buying an additional 5,915 shares in the last quarter. Legacy Wealth Managment LLC ID increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 74.9% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 10,807 shares of the company’s stock worth $1,063,000 after buying an additional 4,627 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 24.6% during the fourth quarter. International Assets Investment Management LLC now owns 35,402 shares of the company’s stock worth $3,481,000 after buying an additional 6,989 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 36.6% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,051 shares of the company’s stock worth $398,000 after buying an additional 1,086 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ:AIRR opened at $130.40 on Tuesday. The company has a fifty day moving average of $117.60 and a 200-day moving average of $109.50. The company has a market capitalization of $10.39 billion, a PE ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $74.09 and a 52-week high of $133.50.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.