World Equity Group Inc. Lowers Position in First Trust RBA American Industrial Renaissance ETF $AIRR

World Equity Group Inc. trimmed its position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 93.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,490 shares of the company’s stock after selling 33,936 shares during the quarter. World Equity Group Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Willner & Heller LLC lifted its position in First Trust RBA American Industrial Renaissance ETF by 15.4% in the fourth quarter. Willner & Heller LLC now owns 6,028 shares of the company’s stock valued at $593,000 after purchasing an additional 803 shares during the period. DAVENPORT & Co LLC increased its position in First Trust RBA American Industrial Renaissance ETF by 52.5% during the 4th quarter. DAVENPORT & Co LLC now owns 4,016 shares of the company’s stock worth $395,000 after purchasing an additional 1,382 shares during the period. Daymark Wealth Partners LLC raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 19.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 74,380 shares of the company’s stock worth $7,313,000 after buying an additional 12,127 shares in the last quarter. First Heartland Consultants Inc. raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 5.0% during the 4th quarter. First Heartland Consultants Inc. now owns 25,269 shares of the company’s stock worth $2,484,000 after buying an additional 1,208 shares in the last quarter. Finally, Elmwood Wealth Management Inc. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 2.1% in the 4th quarter. Elmwood Wealth Management Inc. now owns 58,203 shares of the company’s stock valued at $5,723,000 after buying an additional 1,213 shares during the period.

First Trust RBA American Industrial Renaissance ETF Price Performance

First Trust RBA American Industrial Renaissance ETF stock opened at $109.02 on Friday. The stock’s 50 day moving average price is $114.72 and its 200 day moving average price is $103.98. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $59.22 and a 1-year high of $123.54. The company has a market cap of $7.59 billion, a PE ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be given a dividend of $0.0668 per share. This represents a $0.27 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, March 26th. This is an increase 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.