Concentrum Wealth Management Makes New $466,000 Investment in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Concentrum Wealth Management purchased a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,045 shares of the company’s stock, valued at approximately $466,000.

A number of other institutional investors have also recently made changes to their positions in the company. Arvest Investments Inc. boosted its position in First Trust RBA American Industrial Renaissance ETF by 0.7% in the fourth quarter. Arvest Investments Inc. now owns 29,847 shares of the company’s stock worth $2,299,000 after purchasing an additional 209 shares during the last quarter. tru Independence LLC boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 7.9% during the fourth quarter. tru Independence LLC now owns 4,448 shares of the company’s stock worth $343,000 after acquiring an additional 324 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 1.6% in the fourth quarter. Bleakley Financial Group LLC now owns 20,048 shares of the company’s stock worth $1,544,000 after purchasing an additional 325 shares during the last quarter. World Investment Advisors LLC raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 4.1% during the 3rd quarter. World Investment Advisors LLC now owns 8,213 shares of the company’s stock worth $613,000 after acquiring an additional 326 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in First Trust RBA American Industrial Renaissance ETF during the third quarter valued at $25,000.

First Trust RBA American Industrial Renaissance ETF Stock Down 4.2 %

AIRR stock opened at $62.58 on Monday. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $60.02 and a twelve month high of $86.95. The firm’s fifty day simple moving average is $73.08 and its two-hundred day simple moving average is $77.18. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 19.74 and a beta of 1.22.

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. This represents a $0.30 annualized dividend and a dividend yield of 0.48%. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, March 27th.

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.