Riggs Asset Managment Co. Inc. Acquires 5,750 Shares of First Trust RBA American Industrial Renaissance ETF $AIRR

Riggs Asset Managment Co. Inc. boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 11.6% in the third quarter, Holdings Channel.com reports. The fund owned 55,445 shares of the company’s stock after buying an additional 5,750 shares during the quarter. Riggs Asset Managment Co. Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $5,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AIRR. Bank of America Corp DE lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 3.8% in the 2nd quarter. Bank of America Corp DE now owns 6,065,807 shares of the company’s stock valued at $493,757,000 after purchasing an additional 220,666 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 33.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 377,267 shares of the company’s stock worth $36,474,000 after purchasing an additional 94,885 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 134.6% during the third quarter. Oppenheimer & Co. Inc. now owns 150,190 shares of the company’s stock worth $14,520,000 after purchasing an additional 86,173 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 110.5% during the third quarter. Stratos Wealth Partners LTD. now owns 110,305 shares of the company’s stock worth $10,664,000 after purchasing an additional 57,898 shares during the period. Finally, Guided Capital Wealth Management LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $5,375,000.

First Trust RBA American Industrial Renaissance ETF Trading Down 2.7%

NASDAQ:AIRR opened at $110.41 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 $7.69 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. The business’s 50-day moving average price is $113.01 and its two-hundred day moving average price is $102.16.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.0276 dividend. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.1%.

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.