Lokken Investment Group LLC Decreases Stock Holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Lokken Investment Group LLC decreased its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,666 shares of the company’s stock after selling 1,743 shares during the period. First Trust RBA American Industrial Renaissance ETF comprises 1.7% of Lokken Investment Group LLC’s portfolio, making the stock its 17th largest holding. Lokken Investment Group LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $3,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIRR. BlueChip Wealth Advisors LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth about $665,000. Maridea Wealth Management LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth approximately $905,000. Level Four Advisory Services LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 20.3% in the fourth quarter. Level Four Advisory Services LLC now owns 3,759 shares of the company’s stock worth $290,000 after buying an additional 634 shares during the last quarter. AssuredPartners Investment Advisors LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at approximately $2,190,000. Finally, JPMorgan Chase & Co. increased its holdings in First Trust RBA American Industrial Renaissance ETF by 69.9% during the fourth quarter. JPMorgan Chase & Co. now owns 85,884 shares of the company’s stock valued at $6,617,000 after buying an additional 35,336 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock opened at $68.21 on Tuesday. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $61.36 and a 1-year high of $86.95. The company’s fifty day simple moving average is $74.44 and its 200-day simple moving average is $77.32. The stock has a market capitalization of $2.99 billion, a PE ratio of 22.32 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04.

About First Trust RBA American Industrial Renaissance ETF

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.