Flputnam Investment Management Co. Lowers Stock Holdings in First Trust RBA American Industrial Renaissance ETF $AIRR

Flputnam Investment Management Co. lowered its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 43.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,135 shares of the company’s stock after selling 32,193 shares during the quarter. Flputnam Investment Management Co.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $4,044,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 2,619.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock valued at $1,041,002,000 after acquiring an additional 10,198,584 shares in the last quarter. Bank of America Corp DE lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 17.1% in the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock valued at $686,626,000 after acquiring an additional 1,036,237 shares in the last quarter. UBS Group AG lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 9.9% in the fourth quarter. UBS Group AG now owns 2,107,557 shares of the company’s stock valued at $207,215,000 after acquiring an additional 189,674 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 10.3% in the third quarter. Raymond James Financial Inc. now owns 1,816,953 shares of the company’s stock valued at $175,663,000 after acquiring an additional 170,254 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 0.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 992,070 shares of the company’s stock valued at $97,540,000 after acquiring an additional 5,833 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

NASDAQ AIRR opened at $129.43 on Thursday. The company has a market cap of $10.32 billion, a PE ratio of 21.40 and a beta of 1.29. The stock’s 50 day simple moving average is $120.81 and its 200-day simple moving average is $111.89. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $75.18 and a 1-year high of $133.50.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0668 dividend. This represents a $0.27 annualized dividend and a dividend yield of 0.2%. This is a boost 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.