Rockport Wealth LLC Invests $9.57 Million in First Trust RBA American Industrial Renaissance ETF $AIRR

Rockport Wealth LLC bought a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 97,377 shares of the company’s stock, valued at approximately $9,574,000. First Trust RBA American Industrial Renaissance ETF accounts for 1.9% of Rockport Wealth LLC’s investment portfolio, making the stock its 14th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fearless Solutions LLC dba Best Invest boosted 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 purchasing an additional 7,490 shares during the period. Bank of America Corp DE boosted 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 purchasing an additional 1,036,237 shares during the period. Daymark Wealth Partners LLC boosted 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 purchasing an additional 12,127 shares during the period. Cambridge Advisors Inc. boosted 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 purchasing an additional 5,944 shares during the period. Finally, Redhawk Wealth Advisors Inc. purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth approximately $685,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock opened at $124.99 on Tuesday. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. The stock has a 50 day moving average price of $118.73 and a 200-day moving average price of $110.57. First Trust RBA American Industrial Renaissance ETF has a one year low of $74.09 and a one year high of $133.50.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.