Northwestern Mutual Wealth Management Co. Buys 10,198,584 Shares of First Trust RBA American Industrial Renaissance ETF $AIRR

Northwestern Mutual Wealth Management Co. lifted its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 2,619.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,587,899 shares of the company’s stock after purchasing an additional 10,198,584 shares during the quarter. First Trust RBA American Industrial Renaissance ETF comprises about 0.5% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 29th biggest position. Northwestern Mutual Wealth Management Co. owned 0.15% of First Trust RBA American Industrial Renaissance ETF worth $1,041,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AIRR. Bank of America Corp DE raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 17.1% in the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock worth $686,626,000 after buying an additional 1,036,237 shares during the period. BNP Paribas Financial Markets raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 800.0% in the third quarter. BNP Paribas Financial Markets now owns 450,000 shares of the company’s stock worth $43,506,000 after buying an additional 400,000 shares during the period. UBS Group AG grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 9.9% during the fourth quarter. UBS Group AG now owns 2,107,557 shares of the company’s stock worth $207,215,000 after purchasing an additional 189,674 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 10.3% during the third quarter. Raymond James Financial Inc. now owns 1,816,953 shares of the company’s stock worth $175,663,000 after purchasing an additional 170,254 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter worth about $13,554,000.

First Trust RBA American Industrial Renaissance ETF Trading Down 2.5%

NASDAQ:AIRR opened at $127.76 on Friday. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $74.09 and a 12-month high of $133.50. The stock has a 50-day moving average price of $118.50 and a 200 day moving average price of $110.31. The stock has a market capitalization of $10.18 billion, a P/E ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

First Trust RBA American Industrial Renaissance ETF Company 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.