Guardian Capital LLC Invests $857,000 in First Trust RBA American Industrial Renaissance ETF $AIRR

Guardian Capital LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 8,720 shares of the company’s stock, valued at approximately $857,000.

Several other institutional investors and hedge funds also recently modified their holdings of AIRR. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 2,619.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock worth $1,041,002,000 after purchasing an additional 10,198,584 shares in the last quarter. Bank of America Corp DE grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 17.1% in the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock worth $686,626,000 after purchasing an additional 1,036,237 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 800.0% in the third quarter. BNP Paribas Financial Markets now owns 450,000 shares of the company’s stock worth $43,506,000 after purchasing an additional 400,000 shares in the last quarter. UBS Group AG grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 9.9% in the fourth quarter. UBS Group AG now owns 2,107,557 shares of the company’s stock worth $207,215,000 after purchasing an additional 189,674 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 10.3% in the third quarter. Raymond James Financial Inc. now owns 1,816,953 shares of the company’s stock worth $175,663,000 after purchasing an additional 170,254 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

NASDAQ:AIRR opened at $127.76 on Friday. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $74.09 and a 1 year high of $133.50. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. The business has a fifty day moving average of $118.50 and a 200-day moving average of $110.31.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0668 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.27 annualized dividend and a dividend yield of 0.2%.

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.