SPC Financial Inc. Boosts Stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

SPC Financial Inc. lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,411 shares of the company’s stock after buying an additional 1,457 shares during the quarter. SPC Financial Inc. owned approximately 0.33% of First Trust RBA American Industrial Renaissance ETF worth $5,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF during the first quarter worth approximately $34,255,000. LPL Financial LLC raised its stake in First Trust RBA American Industrial Renaissance ETF by 48.6% during the 2nd quarter. LPL Financial LLC now owns 1,516,083 shares of the company’s stock valued at $103,564,000 after purchasing an additional 495,941 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in First Trust RBA American Industrial Renaissance ETF by 97.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 440,640 shares of the company’s stock valued at $30,100,000 after buying an additional 217,241 shares during the period. Pictet North America Advisors SA purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the second quarter worth approximately $7,270,000. Finally, Riggs Asset Managment Co. Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 135.8% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 170,296 shares of the company’s stock worth $11,466,000 after buying an additional 98,065 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ AIRR opened at $77.72 on Thursday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 52 week low of $46.71 and a 52 week high of $77.82. The business has a 50 day simple moving average of $72.15 and a 200 day simple moving average of $69.91.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.0419 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

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.