Hyposwiss Advisors SA Makes New Investment in First Trust RBA American Industrial Renaissance ETF $AIRR

Hyposwiss Advisors SA purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 17,664 shares of the company’s stock, valued at approximately $1,737,000. First Trust RBA American Industrial Renaissance ETF accounts for about 1.7% of Hyposwiss Advisors SA’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $1,041,002,000 after purchasing an additional 10,198,584 shares during the last quarter. Bank of America Corp DE lifted its stake 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 worth $686,626,000 after purchasing an additional 1,036,237 shares during the last quarter. Morgan Stanley increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12.2% in the fourth quarter. Morgan Stanley now owns 5,279,524 shares of the company’s stock worth $519,083,000 after buying an additional 575,709 shares during the period. LPL Financial LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12.0% in the fourth quarter. LPL Financial LLC now owns 4,570,226 shares of the company’s stock worth $449,345,000 after buying an additional 490,347 shares during the period. Finally, UBS Group AG increased its holdings 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 buying an additional 189,674 shares during the period.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.8%

AIRR opened at $129.25 on Thursday. The company has a market cap of $10.30 billion, a P/E ratio of 21.40 and a beta of 1.27. The business’s 50-day moving average price is $126.12 and its 200-day moving average price is $115.40. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $77.41 and a 12 month high of $133.50.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.0668 dividend. This is an increase 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%. The ex-dividend date was Thursday, March 26th.

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.