RiverTree Advisors LLC Decreases Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

RiverTree Advisors LLC decreased its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 5.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,516 shares of the company’s stock after selling 3,251 shares during the quarter. First Trust RBA American Industrial Renaissance ETF comprises about 2.3% of RiverTree Advisors LLC’s portfolio, making the stock its 19th biggest position. RiverTree Advisors LLC owned approximately 0.38% of First Trust RBA American Industrial Renaissance ETF worth $3,469,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AIRR. Wealthcare Advisory Partners LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 82.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 9,440 shares of the company’s stock worth $636,000 after acquiring an additional 4,258 shares in the last quarter. Hobart Private Capital LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the 1st quarter worth approximately $2,899,000. Parkside Investments LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the 1st quarter worth approximately $4,945,000. Global Assets Advisory LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth approximately $34,255,000. Finally, Southland Equity Partners LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the 1st quarter valued at approximately $486,000.

First Trust RBA American Industrial Renaissance ETF Trading Up 1.2 %

Shares of NASDAQ:AIRR traded up $0.85 on Friday, hitting $69.57. 40,887 shares of the company were exchanged, compared to its average volume of 119,818. The firm has a market capitalization of $970.50 million, a P/E ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $46.71 and a 1-year high of $73.97. The stock’s 50 day moving average price is $68.89 and its 200 day moving average price is $63.19.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 27th will be given a dividend of $0.0333 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.13 dividend on an annualized basis and a yield of 0.19%.

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.