Darden Wealth Group Inc Increases Stock Holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Darden Wealth Group Inc raised its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 58.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,240 shares of the company’s stock after purchasing an additional 1,940 shares during the quarter. Darden Wealth Group Inc’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $404,000 at the end of the most recent reporting period.

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

First Trust RBA American Industrial Renaissance ETF Stock Down 4.2 %

NASDAQ AIRR opened at $62.58 on Friday. The firm has a market capitalization of $2.86 billion, a PE ratio of 19.74 and a beta of 1.22. The stock’s 50 day moving average is $73.08 and its 200 day moving average is $77.15. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $60.02 and a twelve month high of $86.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.