Nwam LLC Invests $6.39 Million in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Nwam LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 85,626 shares of the company’s stock, valued at approximately $6,394,000.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 22.7% in the 3rd quarter. LPL Financial LLC now owns 1,859,927 shares of the company’s stock valued at $138,881,000 after purchasing an additional 343,844 shares during the period. International Assets Investment Management LLC boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 12,150.6% in the third quarter. International Assets Investment Management LLC now owns 701,961 shares of the company’s stock valued at $52,415,000 after buying an additional 696,231 shares during the period. Raymond James & Associates boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 82.6% in the third quarter. Raymond James & Associates now owns 613,331 shares of the company’s stock valued at $45,797,000 after buying an additional 277,507 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in First Trust RBA American Industrial Renaissance ETF by 97.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 440,640 shares of the company’s stock worth $30,100,000 after buying an additional 217,241 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in First Trust RBA American Industrial Renaissance ETF by 0.5% during the 1st quarter. Kestra Advisory Services LLC now owns 269,572 shares of the company’s stock worth $18,150,000 after acquiring an additional 1,434 shares during the period.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of NASDAQ AIRR opened at $84.25 on Friday. The stock has a market capitalization of $2.07 billion, a PE ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $50.19 and a fifty-two week high of $85.97. The business has a fifty day moving average price of $77.16 and a two-hundred day moving average price of $72.59.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.0419 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

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.