Legacy Investment Solutions LLC Raises Stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Legacy Investment Solutions LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 137.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,737 shares of the company’s stock after purchasing an additional 2,163 shares during the quarter. Legacy Investment Solutions LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 42.7% in the 4th quarter. LPL Financial LLC now owns 2,654,421 shares of the company’s stock worth $204,497,000 after purchasing an additional 794,494 shares in the last quarter. Raymond James Financial Inc. purchased a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at $137,940,000. Wells Fargo & Company MN bought a new stake in First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth $69,810,000. Kestra Advisory Services LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 43.2% in the fourth quarter. Kestra Advisory Services LLC now owns 402,878 shares of the company’s stock worth $31,038,000 after acquiring an additional 121,515 shares during the last quarter. Finally, Meitav Investment House Ltd. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at $26,942,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

AIRR opened at $67.12 on Friday. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $86.95. The stock has a 50-day moving average price of $71.15 and a 200-day moving average price of $76.68. The firm has a market cap of $3.06 billion, a PE ratio of 19.74 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.075 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. This represents a $0.30 annualized dividend and a yield of 0.45%.

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.