First Trust RBA American Industrial Renaissance ETF $AIRR Stock: Cascade Investment Group Inc. Lowers Position

Cascade Investment Group Inc. lowered its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 71.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,222 shares of the company’s stock after selling 15,314 shares during the period. Cascade Investment Group Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $642,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC increased its position in First Trust RBA American Industrial Renaissance ETF by 9.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 235,602 shares of the company’s stock worth $26,100,000 after purchasing an additional 21,286 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 5.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 510,524 shares of the company’s stock valued at $68,027,000 after buying an additional 27,643 shares during the period. Concorde Asset Management LLC lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 17.4% in the 2nd quarter. Concorde Asset Management LLC now owns 47,451 shares of the company’s stock valued at $6,323,000 after buying an additional 7,030 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 21.0% in the fourth quarter. Sunbelt Securities Inc. now owns 42,888 shares of the company’s stock valued at $4,217,000 after buying an additional 7,433 shares in the last quarter. Finally, SageGuard Financial Group LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter valued at approximately $2,889,000.

First Trust RBA American Industrial Renaissance ETF Stock Down 1.2%

AIRR stock traded down $1.20 on Tuesday, reaching $101.81. 650,073 shares of the company’s stock were exchanged, compared to its average volume of 756,388. The stock has a fifty day moving average of $110.79 and a 200-day moving average of $119.40. First Trust RBA American Industrial Renaissance ETF has a twelve month low of $90.51 and a twelve month high of $135.05. The firm has a market cap of $8.79 billion, a PE ratio of 21.40 and a beta of 1.28.

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.