Fortis Advisors LLC Cuts Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Fortis Advisors LLC lowered its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 13.5% during the third quarter, Holdings Channel.com reports. The firm owned 48,248 shares of the company’s stock after selling 7,523 shares during the quarter. First Trust RBA American Industrial Renaissance ETF makes up about 2.6% of Fortis Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Fortis Advisors LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $4,665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIRR. Guerra Pan Advisors LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 7.4% during the second quarter. Guerra Pan Advisors LLC now owns 13,429 shares of the company’s stock worth $1,093,000 after buying an additional 923 shares during the period. Bank of Montreal Can acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 2nd quarter worth about $100,000. JBR Co Financial Management Inc grew its stake in First Trust RBA American Industrial Renaissance ETF by 19.3% during the 3rd quarter. JBR Co Financial Management Inc now owns 31,806 shares of the company’s stock valued at $3,075,000 after purchasing an additional 5,154 shares during the last quarter. Guided Capital Wealth Management LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $5,375,000. Finally, Sage Private Wealth Group LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 16.6% in the third quarter. Sage Private Wealth Group LLC now owns 194,528 shares of the company’s stock valued at $18,807,000 after purchasing an additional 27,725 shares during the period.

First Trust RBA American Industrial Renaissance ETF Stock Up 1.5%

First Trust RBA American Industrial Renaissance ETF stock opened at $120.66 on Friday. The stock has a 50-day moving average price of $109.18 and a 200 day moving average price of $99.89. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. First Trust RBA American Industrial Renaissance ETF has a 52 week low of $59.22 and a 52 week high of $123.54.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.0276 per share. This represents a $0.11 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01.

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.