HighTower Advisors LLC Has $21.18 Million Stock Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

HighTower Advisors LLC grew its position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 31.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 310,500 shares of the company’s stock after purchasing an additional 75,114 shares during the period. HighTower Advisors LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $21,179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 136.1% in the fourth quarter. Bank of America Corp DE now owns 3,533,091 shares of the company’s stock worth $272,189,000 after buying an additional 2,036,464 shares during the period. LPL Financial LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 26.4% in the first quarter. LPL Financial LLC now owns 3,354,942 shares of the company’s stock worth $228,841,000 after buying an additional 700,521 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 36.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 813,423 shares of the company’s stock worth $55,484,000 after buying an additional 218,355 shares during the period. Royal Bank of Canada boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 44.1% in the fourth quarter. Royal Bank of Canada now owns 621,498 shares of the company’s stock worth $47,880,000 after buying an additional 190,251 shares during the period. Finally, Parcion Private Wealth LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter worth about $28,989,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR opened at $89.70 on Friday. First Trust RBA American Industrial Renaissance ETF has a one year low of $59.22 and a one year high of $92.58. The company has a 50-day moving average of $83.94 and a two-hundred day moving average of $76.45. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 21.40 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.0662 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, June 26th.

First Trust RBA American Industrial Renaissance ETF Company 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.