Precedent Wealth Partners LLC Takes $2.14 Million Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Precedent Wealth Partners LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,743 shares of the company’s stock, valued at approximately $2,137,000. Precedent Wealth Partners LLC owned about 0.07% of First Trust RBA American Industrial Renaissance ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in First Trust RBA American Industrial Renaissance ETF by 12,150.6% during the 3rd quarter. International Assets Investment Management LLC now owns 701,961 shares of the company’s stock valued at $52,415,000 after purchasing an additional 696,231 shares during the last quarter. LPL Financial LLC increased its holdings in shares of 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 acquiring an additional 343,844 shares during the period. Raymond James & Associates lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 82.6% during 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 last quarter. Redhawk Wealth Advisors Inc. purchased a new position in First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth $16,758,000. Finally, Nwam LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the 3rd quarter valued at about $6,394,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR opened at $83.22 on Friday. The stock has a 50-day moving average of $81.36 and a two-hundred day moving average of $76.32. The stock has a market cap of $3.46 billion, a P/E ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a one year low of $54.90 and a one year high of $86.95.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.0561 per share. The ex-dividend date was Friday, December 13th.

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.