Stegent Equity Advisors Inc. Has $1.81 Million Stock Holdings in First Trust RBA American Industrial Renaissance ETF $AIRR

Stegent Equity Advisors Inc. trimmed its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 1.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 22,281 shares of the company’s stock after selling 387 shares during the period. First Trust RBA American Industrial Renaissance ETF makes up about 1.6% of Stegent Equity Advisors Inc.’s holdings, making the stock its 19th largest holding. Stegent Equity Advisors Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $1,814,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. DAVENPORT & Co LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth about $301,000. Brio Consultants LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth about $1,281,000. Commonwealth Equity Services LLC boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 48.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 406,770 shares of the company’s stock worth $27,746,000 after buying an additional 132,678 shares during the last quarter. Barnes Wealth Management Group Inc acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth about $219,000. Finally, Private Trust Co. NA boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 68.8% during the 1st quarter. Private Trust Co. NA now owns 1,519 shares of the company’s stock worth $104,000 after buying an additional 619 shares during the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

First Trust RBA American Industrial Renaissance ETF stock opened at $100.02 on Friday. The firm has a 50-day moving average of $94.32 and a 200-day moving average of $84.15. First Trust RBA American Industrial Renaissance ETF has a one year low of $59.22 and a one year high of $100.34. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 21.40 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.0141 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, September 25th.

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.