Hanover Advisors Inc. Grows Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Hanover Advisors Inc. grew its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,724 shares of the company’s stock after purchasing an additional 353 shares during the period. First Trust RBA American Industrial Renaissance ETF comprises approximately 0.3% of Hanover Advisors Inc.’s investment portfolio, making the stock its 27th largest holding. Hanover Advisors Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $826,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AIRR. Morse Asset Management Inc purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth approximately $25,000. Farther Finance Advisors LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth approximately $26,000. Howe & Rusling Inc. acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth approximately $40,000. Stonebridge Financial Group LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth approximately $45,000. Finally, Archer Investment Corp acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth approximately $58,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR stock opened at $72.81 on Friday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. The stock has a 50 day simple moving average of $78.35 and a 200-day simple moving average of $77.30. First Trust RBA American Industrial Renaissance ETF has a 1-year low of $61.36 and a 1-year high of $86.95.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.0561 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.