First Trust RBA American Industrial Renaissance ETF (AIRR) to Issue Quarterly Dividend of $0.07 on March 31st

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 26th will be paid a dividend of 0.0668 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 26th. This is a 142.0% increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

First Trust RBA American Industrial Renaissance ETF Stock Down 4.0%

NASDAQ:AIRR opened at $109.02 on Friday. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $59.22 and a 1-year high of $123.54. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. The stock has a fifty day simple moving average of $114.72 and a 200 day simple moving average of $103.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AIRR. Condor Capital Management raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 2.1% during the fourth quarter. Condor Capital Management now owns 4,419 shares of the company’s stock valued at $435,000 after acquiring an additional 89 shares during the period. Guerra Pan Advisors LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF by 0.8% in the 4th quarter. Guerra Pan Advisors LLC now owns 13,537 shares of the company’s stock worth $1,331,000 after purchasing an additional 108 shares during the period. Archford Capital Strategies LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF by 2.0% in the 4th quarter. Archford Capital Strategies LLC now owns 5,727 shares of the company’s stock worth $563,000 after purchasing an additional 110 shares during the period. Barnes Wealth Management Group Inc grew its position in First Trust RBA American Industrial Renaissance ETF by 3.6% during the 2nd quarter. Barnes Wealth Management Group Inc now owns 3,326 shares of the company’s stock worth $271,000 after purchasing an additional 117 shares in the last quarter. Finally, Summit Investment Advisory Services LLC grew its position in First Trust RBA American Industrial Renaissance ETF by 5.6% during the 4th quarter. Summit Investment Advisory Services LLC now owns 2,409 shares of the company’s stock worth $237,000 after purchasing an additional 127 shares in the last quarter.

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.