SPC Financial Inc. Increases Position in First Trust RBA American Industrial Renaissance ETF $AIRR

SPC Financial Inc. boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,696 shares of the company’s stock after buying an additional 6,065 shares during the quarter. SPC Financial Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $7,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of AIRR. Bank of America Corp DE grew its holdings in First Trust RBA American Industrial Renaissance ETF by 3.8% in the second 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 last quarter. Raymond James Financial Inc. raised its position in First Trust RBA American Industrial Renaissance ETF by 0.8% during the second quarter. Raymond James Financial Inc. now owns 1,646,699 shares of the company’s stock worth $134,041,000 after acquiring an additional 13,099 shares during the last quarter. Parcion Private Wealth LLC lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 53.8% in the second quarter. Parcion Private Wealth LLC now owns 653,750 shares of the company’s stock valued at $53,215,000 after purchasing an additional 228,754 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 5.2% in the second quarter. Osaic Holdings Inc. now owns 528,956 shares of the company’s stock valued at $43,039,000 after purchasing an additional 26,038 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of First Trust RBA American Industrial Renaissance ETF by 3.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 442,786 shares of the company’s stock worth $42,809,000 after purchasing an additional 13,230 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Trading Up 4.4%

Shares of AIRR stock opened at $118.50 on Friday. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $59.22 and a twelve month high of $118.80. The firm has a 50-day moving average price of $105.63 and a 200 day moving average price of $97.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.0276 per share. 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%. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01.

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.