Bank of New York Mellon Corp Invests $207,000 in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Bank of New York Mellon Corp purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) during the 4th quarter, Holdings Channel.com reports. The firm purchased 2,692 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Sierra Capital LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter valued at $669,000. World Equity Group Inc. bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth $200,000. JBR Co Financial Management Inc boosted its stake in First Trust RBA American Industrial Renaissance ETF by 75.0% in the fourth quarter. JBR Co Financial Management Inc now owns 16,576 shares of the company’s stock valued at $1,277,000 after buying an additional 7,105 shares in the last quarter. Sigma Planning Corp grew its position in First Trust RBA American Industrial Renaissance ETF by 5.4% in the fourth quarter. Sigma Planning Corp now owns 105,244 shares of the company’s stock valued at $8,108,000 after acquiring an additional 5,418 shares during the last quarter. Finally, Crumly & Associates Inc. acquired a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth about $4,548,000.

First Trust RBA American Industrial Renaissance ETF Trading Down 2.0 %

AIRR stock opened at $68.27 on Friday. The firm has a 50-day moving average price of $74.72 and a 200-day moving average price of $77.27. First Trust RBA American Industrial Renaissance ETF has a 12 month low of $61.36 and a 12 month high of $86.95. The stock has a market capitalization of $2.99 billion, a P/E ratio of 22.32 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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.