Lokken Investment Group LLC Trims Stock Holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Lokken Investment Group LLC reduced its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,666 shares of the company’s stock after selling 1,743 shares during the quarter. First Trust RBA American Industrial Renaissance ETF comprises 1.7% of Lokken Investment Group LLC’s investment portfolio, making the stock its 17th biggest position. Lokken Investment Group LLC owned about 0.12% of First Trust RBA American Industrial Renaissance ETF worth $3,903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter worth $25,000. Stonebridge Financial Group LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth about $45,000. SBI Securities Co. Ltd. bought a new position in First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth about $53,000. Archer Investment Corp purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at about $58,000. Finally, Private Trust Co. NA increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 800.0% during the fourth quarter. Private Trust Co. NA now owns 900 shares of the company’s stock valued at $69,000 after buying an additional 800 shares during the period.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.1 %

AIRR stock opened at $68.21 on Tuesday. The firm has a 50 day moving average of $74.44 and a 200-day moving average of $77.32. The firm has a market capitalization of $2.99 billion, a P/E ratio of 22.32 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $61.36 and a 12 month high of $86.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.075 per share. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, March 27th.

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.