Concorde Asset Management LLC Takes $4.68 Million Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Concorde Asset Management LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 60,787 shares of the company’s stock, valued at approximately $4,683,000. First Trust RBA American Industrial Renaissance ETF comprises approximately 2.4% of Concorde Asset Management LLC’s portfolio, making the stock its 11th largest position. Concorde Asset Management LLC owned approximately 0.14% of First Trust RBA American Industrial Renaissance ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AIRR. LPL Financial LLC lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 42.7% in the 4th quarter. LPL Financial LLC now owns 2,654,421 shares of the company’s stock worth $204,497,000 after acquiring an additional 794,494 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at $137,940,000. Wells Fargo & Company MN bought a new position in First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth $69,810,000. Kestra Advisory Services LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF by 43.2% during the fourth quarter. Kestra Advisory Services LLC now owns 402,878 shares of the company’s stock worth $31,038,000 after buying an additional 121,515 shares in the last quarter. Finally, Meitav Investment House Ltd. acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth $26,942,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of AIRR stock opened at $65.92 on Friday. The firm has a fifty day moving average of $71.38 and a 200-day moving average of $76.73. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 19.74 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 52-week low of $59.22 and a 52-week high of $86.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, March 27th. 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 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.