JBR Co Financial Management Inc Raises Stock Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

JBR Co Financial Management Inc boosted its position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 170.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,471 shares of the company’s stock after purchasing an additional 5,971 shares during the quarter. JBR Co Financial Management Inc’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $707,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AIRR. Global Assets Advisory LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter worth $34,255,000. LPL Financial LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF by 48.6% in the second quarter. LPL Financial LLC now owns 1,516,083 shares of the company’s stock worth $103,564,000 after buying an additional 495,941 shares in the last quarter. 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 valued at $30,100,000 after acquiring an additional 217,241 shares during the last quarter. Pictet North America Advisors SA purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the second quarter worth approximately $7,270,000. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 135.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 170,296 shares of the company’s stock worth $11,466,000 after acquiring an additional 98,065 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR stock traded up $1.73 on Friday, hitting $76.15. 227,430 shares of the company’s stock traded hands, compared to its average volume of 162,971. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. The company’s fifty day simple moving average is $71.59 and its 200 day simple moving average is $69.71. First Trust RBA American Industrial Renaissance ETF has a one year low of $46.71 and a one year high of $76.31.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.0419 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

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.