B. Riley Wealth Advisors Inc. Trims Stock Holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

B. Riley Wealth Advisors Inc. reduced its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 2.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,066 shares of the company’s stock after selling 249 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in First Trust RBA American Industrial Renaissance ETF were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cascade Investment Group Inc. lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 2.2% during the second quarter. Cascade Investment Group Inc. now owns 9,171 shares of the company’s stock worth $626,000 after acquiring an additional 200 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in First Trust RBA American Industrial Renaissance ETF by 5.2% in the 2nd quarter. First Heartland Consultants Inc. now owns 5,941 shares of the company’s stock worth $406,000 after purchasing an additional 295 shares during the period. Concourse Financial Group Securities Inc. grew its holdings in First Trust RBA American Industrial Renaissance ETF by 80.4% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock valued at $53,000 after buying an additional 348 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 4.3% in the first quarter. Atomi Financial Group Inc. now owns 8,615 shares of the company’s stock worth $580,000 after buying an additional 353 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter valued at approximately $27,000.

First Trust RBA American Industrial Renaissance ETF Trading Up 1.4 %

Shares of NASDAQ:AIRR opened at $74.55 on Friday. The company has a 50 day moving average of $71.32 and a 200 day moving average of $69.25. The stock has a market cap of $1.68 billion, a P/E ratio of 23.16 and a beta of 1.25. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $46.71 and a 12 month high of $75.92.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.