First Trust RBA American Industrial Renaissance ETF $AIRR Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 10.9% in the fourth quarter, HoldingsChannel reports. The firm owned 400,800 shares of the company’s stock after selling 49,200 shares during the period. BNP Paribas Financial Markets’ holdings in First Trust RBA American Industrial Renaissance ETF were worth $39,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at $47,000. CIBC Private Wealth Group LLC raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 107.4% in the third quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock worth $49,000 after acquiring an additional 260 shares during the period. Rothschild Investment LLC raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 39.7% in the fourth quarter. Rothschild Investment LLC now owns 510 shares of the company’s stock worth $50,000 after acquiring an additional 145 shares during the period. Main Street Group LTD acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth about $64,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 1,041.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 685 shares of the company’s stock worth $67,000 after acquiring an additional 625 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of First Trust RBA American Industrial Renaissance ETF stock opened at $129.48 on Thursday. The firm has a 50-day simple moving average of $122.67 and a two-hundred day simple moving average of $113.00. The company has a market cap of $10.32 billion, a P/E ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $77.16 and a fifty-two week high of $133.50.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

First Trust RBA American Industrial Renaissance ETF 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.