Smith Thornton Advisors LLC Takes $1.78 Million Position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Smith Thornton Advisors LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,144 shares of the company’s stock, valued at approximately $1,783,000. First Trust RBA American Industrial Renaissance ETF comprises approximately 1.1% of Smith Thornton Advisors LLC’s holdings, making the stock its 29th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter worth approximately $25,000. Farther Finance Advisors LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth $26,000. Carolinas Wealth Consulting LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 2nd quarter worth $29,000. Howe & Rusling Inc. bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter valued at $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter valued at $118,000.

First Trust RBA American Industrial Renaissance ETF Price Performance

Shares of AIRR stock opened at $81.23 on Thursday. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. The company’s fifty day moving average price is $81.45 and its 200-day moving average price is $75.54. First Trust RBA American Industrial Renaissance ETF has a one year low of $53.29 and a one year high of $86.95.

First Trust RBA American Industrial Renaissance ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.0561 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.