Southern Capital Services Inc. ADV Makes New Investment in First Trust RBA American Industrial Renaissance ETF $AIRR

Southern Capital Services Inc. ADV acquired a new stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 65,928 shares of the company’s stock, valued at approximately $6,482,000. First Trust RBA American Industrial Renaissance ETF comprises approximately 4.1% of Southern Capital Services Inc. ADV’s holdings, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter valued at $31,000. Park Square Financial Group LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at $47,000. CIBC Private Wealth Group LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 107.4% during the third quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock valued at $49,000 after acquiring an additional 260 shares during the period. Rothschild Investment LLC boosted its holdings 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 valued at $50,000 after acquiring an additional 145 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 41.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 510 shares of the company’s stock valued at $51,000 after acquiring an additional 150 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR stock opened at $130.90 on Friday. The stock has a 50-day moving average price of $126.71 and a 200 day moving average price of $115.73. The firm has a market cap of $10.43 billion, a price-to-earnings 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.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0668 dividend. 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. This represents a $0.27 annualized dividend and a dividend 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.