Spire Wealth Management Decreases Stock Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Spire Wealth Management cut its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 0.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 35,068 shares of the company’s stock after selling 226 shares during the quarter. Spire Wealth Management’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $2,855,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 26.4% in 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 during the period. Royal Bank of Canada increased 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 valued at $54,710,000 after acquiring an additional 180,581 shares during the period. Parcion Private Wealth LLC increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 53.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 653,750 shares of the company’s stock valued at $53,215,000 after acquiring an additional 228,754 shares during the period. Kestra Advisory Services LLC increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 21.5% in the 1st quarter. Kestra Advisory Services LLC now owns 489,553 shares of the company’s stock valued at $33,392,000 after acquiring an additional 86,675 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 48.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 406,770 shares of the company’s stock valued at $27,746,000 after acquiring an additional 132,678 shares during the period.

First Trust RBA American Industrial Renaissance ETF Price Performance

NASDAQ AIRR opened at $99.13 on Friday. The stock’s fifty day moving average price is $95.12 and its 200 day moving average price is $85.05. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $59.22 and a 1 year high of $101.70. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

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

About First Trust RBA American Industrial Renaissance ETF

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.