NewEdge Advisors LLC Lowers Position in First Trust RBA American Industrial Renaissance ETF $AIRR

NewEdge Advisors LLC reduced its position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 15.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,132 shares of the company’s stock after selling 22,759 shares during the period. NewEdge Advisors LLC owned 0.16% of First Trust RBA American Industrial Renaissance ETF worth $13,751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fearless Solutions LLC dba Best Invest lifted its stake in First Trust RBA American Industrial Renaissance ETF by 51.6% in the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 22,018 shares of the company’s stock valued at $2,165,000 after purchasing an additional 7,490 shares during the last quarter. WealthBridge Capital Management LLC raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 13.7% in the fourth quarter. WealthBridge Capital Management LLC now owns 47,898 shares of the company’s stock valued at $4,709,000 after buying an additional 5,789 shares during the period. Mach 1 Financial Group LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at $5,248,000. Apollon Wealth Management LLC lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 31.7% during the 4th quarter. Apollon Wealth Management LLC now owns 51,555 shares of the company’s stock valued at $5,069,000 after buying an additional 12,415 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 9.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 235,602 shares of the company’s stock valued at $26,100,000 after buying an additional 21,286 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock opened at $110.36 on Thursday. The stock has a market capitalization of $9.53 billion, a P/E ratio of 21.40 and a beta of 1.27. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $83.33 and a 52-week high of $135.05. The stock’s 50-day simple moving average is $126.35 and its 200 day simple moving average is $120.59.

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.