Maridea Wealth Management LLC Takes $905,000 Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Maridea Wealth Management LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,743 shares of the company’s stock, valued at approximately $905,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIRR. Morse Asset Management Inc purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at $25,000. Stonebridge Financial Group LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth about $45,000. SBI Securities Co. Ltd. acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth about $53,000. Archer Investment Corp acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth about $58,000. Finally, Private Trust Co. NA grew its stake in First Trust RBA American Industrial Renaissance ETF by 800.0% during the 4th quarter. Private Trust Co. NA now owns 900 shares of the company’s stock valued at $69,000 after acquiring an additional 800 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Price Performance

NASDAQ AIRR opened at $68.27 on Friday. The company has a 50 day simple moving average of $74.72 and a 200-day simple moving average of $77.21. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $61.36 and a 52-week high of $86.95. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.32 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.44%. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04.

First Trust RBA American Industrial Renaissance ETF Company 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.