Morse Asset Management Inc Boosts Stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Morse Asset Management Inc increased its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 165.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 892 shares of the company’s stock after buying an additional 556 shares during the quarter. Morse Asset Management Inc’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $69,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Arvest Investments Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 0.7% during the 4th quarter. Arvest Investments Inc. now owns 29,847 shares of the company’s stock worth $2,299,000 after acquiring an additional 209 shares during the period. tru Independence LLC lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 7.9% during the fourth quarter. tru Independence LLC now owns 4,448 shares of the company’s stock worth $343,000 after purchasing an additional 324 shares during the period. Bleakley Financial Group LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 1.6% in the fourth quarter. Bleakley Financial Group LLC now owns 20,048 shares of the company’s stock valued at $1,544,000 after buying an additional 325 shares during the last quarter. AlphaMark Advisors LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 30.4% in the fourth quarter. AlphaMark Advisors LLC now owns 1,500 shares of the company’s stock valued at $116,000 after buying an additional 350 shares during the last quarter. Finally, Hanover Advisors Inc. increased its holdings in First Trust RBA American Industrial Renaissance ETF by 3.4% in the 4th quarter. Hanover Advisors Inc. now owns 10,724 shares of the company’s stock worth $826,000 after buying an additional 353 shares during the period.

First Trust RBA American Industrial Renaissance ETF Trading Up 1.0%

Shares of NASDAQ AIRR opened at $77.30 on Wednesday. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $59.22 and a 12 month high of $86.95. The company has a 50 day simple moving average of $69.03 and a two-hundred day simple moving average of $75.89. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 19.02 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04.

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.