Catalyst Investment Management LLC Takes $1.28 Million Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Catalyst Investment Management LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 13,042 shares of the company’s stock, valued at approximately $1,282,000. First Trust RBA American Industrial Renaissance ETF makes up 1.2% of Catalyst Investment Management LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of AIRR. Truvestments Capital LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at $31,000. Park Square Financial Group LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth $47,000. CIBC Private Wealth Group LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 107.4% in the third 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 period. Rothschild Investment LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 39.7% in the fourth quarter. Rothschild Investment LLC now owns 510 shares of the company’s stock worth $50,000 after purchasing an additional 145 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 41.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 510 shares of the company’s stock worth $51,000 after purchasing an additional 150 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Trading Up 1.3%

Shares of AIRR opened at $130.90 on Friday. The firm has a market capitalization of $10.43 billion, a P/E ratio of 21.40 and a beta of 1.27. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $77.41 and a 12-month high of $133.50. The firm has a fifty day moving average price of $126.47 and a 200-day moving average price of $115.62.

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 dividend of $0.0668 per share. This represents a $0.27 dividend on an annualized basis and a yield of 0.2%. 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.

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.