First Trust RBA American Industrial Renaissance ETF $AIRR is Concorde Asset Management LLC’s 5th Largest Position

Concorde Asset Management LLC raised its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 17.4% during the 2nd quarter, Holdings Channel reports. The fund owned 47,451 shares of the company’s stock after purchasing an additional 7,030 shares during the period. First Trust RBA American Industrial Renaissance ETF comprises approximately 3.6% of Concorde Asset Management LLC’s holdings, making the stock its 5th largest position. Concorde Asset Management LLC’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $6,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted 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 in the last quarter. Bank of America Corp DE lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 11.6% during the first quarter. Bank of America Corp DE now owns 9,675,697 shares of the company’s stock valued at $1,071,874,000 after buying an additional 1,004,172 shares during the last quarter. Morgan Stanley lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 12.2% during the fourth quarter. Morgan Stanley now owns 5,279,524 shares of the company’s stock valued at $519,083,000 after buying an additional 575,709 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 28.0% in the 4th quarter. Raymond James Financial Inc. now owns 2,325,393 shares of the company’s stock valued at $228,633,000 after buying an additional 508,440 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12.0% in the 4th quarter. LPL Financial LLC now owns 4,570,226 shares of the company’s stock valued at $449,345,000 after buying an additional 490,347 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ AIRR opened at $109.38 on Wednesday. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $89.50 and a fifty-two week high of $135.05. The company has a market cap of $9.49 billion, a PE ratio of 21.40 and a beta of 1.27. The business has a 50-day simple moving average of $118.76 and a two-hundred day simple moving average of $120.95.

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.