Arista Wealth Management LLC Invests $1.37 Million in First Trust RBA American Industrial Renaissance ETF $AIRR

Arista Wealth Management LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,178 shares of the company’s stock, valued at approximately $1,371,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its holdings in First Trust RBA American Industrial Renaissance ETF by 134.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 150,190 shares of the company’s stock worth $14,520,000 after purchasing an additional 86,173 shares during the last quarter. Tempus Wealth Planning LLC raised its stake in First Trust RBA American Industrial Renaissance ETF by 51.2% during the third quarter. Tempus Wealth Planning LLC now owns 9,070 shares of the company’s stock worth $877,000 after buying an additional 3,070 shares during the last quarter. SPC Financial Inc. lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 8.5% in the third quarter. SPC Financial Inc. now owns 77,696 shares of the company’s stock valued at $7,512,000 after buying an additional 6,065 shares during the period. Signature Estate & Investment Advisors LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 2.1% during the third quarter. Signature Estate & Investment Advisors LLC now owns 41,984 shares of the company’s stock valued at $4,059,000 after acquiring an additional 872 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth about $293,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

First Trust RBA American Industrial Renaissance ETF stock opened at $119.84 on Tuesday. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $59.22 and a 52-week high of $120.75. The stock’s 50 day moving average price is $106.07 and its two-hundred day moving average price is $98.27.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.0276 per share. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, December 12th. This represents a $0.11 dividend on an annualized basis and a yield of 0.1%.

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.