Apollon Wealth Management LLC Grows Stake in First Trust RBA American Industrial Renaissance ETF $AIRR

Apollon Wealth Management LLC raised its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 23.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,549 shares of the company’s stock after acquiring an additional 3,665 shares during the quarter. Apollon Wealth Management LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $1,591,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. LPL Financial LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 26.4% during the 1st quarter. LPL Financial LLC now owns 3,354,942 shares of the company’s stock valued at $228,841,000 after acquiring an additional 700,521 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted 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 purchasing an additional 218,355 shares in the last quarter. Royal Bank of Canada boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 29.1% in the 1st quarter. Royal Bank of Canada now owns 802,079 shares of the company’s stock worth $54,710,000 after purchasing an additional 180,581 shares in the last quarter. Kestra Advisory Services LLC lifted its position in 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 during the period. Finally, Parcion Private Wealth LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth about $28,989,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR opened at $96.40 on Tuesday. The stock has a 50-day moving average of $92.94 and a two-hundred day moving average of $82.28. First Trust RBA American Industrial Renaissance ETF has a one year low of $59.22 and a one year high of $99.85. The stock has a market cap of $5.64 billion, a P/E ratio of 21.40 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.0141 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.06 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.