Kingsview Wealth Management LLC Raises Position in First Trust RBA American Industrial Renaissance ETF $AIRR

Kingsview Wealth Management LLC raised its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 196.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,315 shares of the company’s stock after purchasing an additional 5,507 shares during the period. Kingsview Wealth Management LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR stock opened at $127.49 on Tuesday. First Trust RBA American Industrial Renaissance ETF has a 1 year low of $75.18 and a 1 year high of $133.50. The stock’s 50 day simple moving average is $121.90 and its two-hundred day simple moving average is $112.54. The company has a market cap of $10.16 billion, a PE ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0668 per share. This represents a $0.27 dividend on an annualized basis and a yield of 0.2%. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 26th.

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.