Concentrum Wealth Management Purchases Shares of 6,045 First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Concentrum Wealth Management bought a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the fourth quarter, Holdings Channel reports. The firm bought 6,045 shares of the company’s stock, valued at approximately $466,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth about $137,940,000. Wells Fargo & Company MN acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at approximately $69,810,000. LPL Financial LLC lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 42.7% in the fourth quarter. LPL Financial LLC now owns 2,654,421 shares of the company’s stock valued at $204,497,000 after acquiring an additional 794,494 shares in the last quarter. Meitav Investment House Ltd. acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth approximately $26,942,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth approximately $16,758,000.

First Trust RBA American Industrial Renaissance ETF Stock Down 4.2 %

Shares of NASDAQ AIRR opened at $62.58 on Monday. First Trust RBA American Industrial Renaissance ETF has a 52 week low of $60.02 and a 52 week high of $86.95. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 19.74 and a beta of 1.22. The firm has a 50-day simple moving average of $73.08 and a 200-day simple moving average of $77.18.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.075 per share. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. This represents a $0.30 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Thursday, March 27th.

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.