Cambridge Advisors Inc. Invests $567,000 in First Trust RBA American Industrial Renaissance ETF $AIRR

Cambridge Advisors Inc. acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,964 shares of the company’s stock, valued at approximately $567,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 26.4% during the first quarter. LPL Financial LLC now owns 3,354,942 shares of the company’s stock valued at $228,841,000 after buying an additional 700,521 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 36.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 813,423 shares of the company’s stock worth $55,484,000 after buying an additional 218,355 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 29.1% during the 1st quarter. Royal Bank of Canada now owns 802,079 shares of the company’s stock worth $54,710,000 after acquiring an additional 180,581 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 21.5% during the 1st quarter. Kestra Advisory Services LLC now owns 489,553 shares of the company’s stock worth $33,392,000 after acquiring an additional 86,675 shares in the last quarter. Finally, Parcion Private Wealth LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the first quarter valued at approximately $28,989,000.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.4%

NASDAQ AIRR opened at $93.98 on Friday. The firm’s fifty day simple moving average is $90.38 and its two-hundred day simple moving average is $79.86. First Trust RBA American Industrial Renaissance ETF has a 12-month low of $59.22 and a 12-month high of $97.57. The firm has a market capitalization of $4.93 billion, a P/E ratio of 21.40 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th will be given a $0.0141 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $0.06 dividend on an annualized basis and a dividend 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.