Cornerstone Wealth Management LLC Buys 6,673 Shares of First Trust RBA American Industrial Renaissance ETF $AIRR

Cornerstone Wealth Management LLC raised its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 24.9% in the 4th quarter, HoldingsChannel reports. The firm owned 33,444 shares of the company’s stock after purchasing an additional 6,673 shares during the period. Cornerstone Wealth Management LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $3,288,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AIRR. Fearless Solutions LLC dba Best Invest lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 51.6% in the 4th quarter. Fearless Solutions LLC dba Best Invest now owns 22,018 shares of the company’s stock worth $2,165,000 after acquiring an additional 7,490 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 17.1% in the 3rd quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock worth $686,626,000 after acquiring an additional 1,036,237 shares during the last quarter. Daymark Wealth Partners LLC lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 19.5% in the 4th quarter. Daymark Wealth Partners LLC now owns 74,380 shares of the company’s stock worth $7,313,000 after acquiring an additional 12,127 shares during the last quarter. Cambridge Advisors Inc. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 64.6% in the 4th quarter. Cambridge Advisors Inc. now owns 15,149 shares of the company’s stock worth $1,489,000 after acquiring an additional 5,944 shares during the last quarter. Finally, Comprehensive Wealth Management LLC lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 36.8% in the 3rd quarter. Comprehensive Wealth Management LLC now owns 73,274 shares of the company’s stock worth $7,084,000 after acquiring an additional 19,714 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR opened at $127.76 on Friday. The firm has a market cap of $10.18 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $74.09 and a fifty-two week high of $133.50. The firm has a 50 day moving average price of $118.50 and a 200-day moving average price of $110.31.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.0668 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, March 26th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

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.