LPL Financial LLC, a prominent institutional investor, has recently increased its holdings in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 47.1% during the first quarter of this year. This information was disclosed in the company’s latest filing with the Securities & Exchange Commission. The additional purchase of 135,564 shares brings LPL Financial LLC’s total ownership to 423,343 shares, equivalent to approximately 6.61% of the ETF’s worth which amounts to $20,327,000.
For those interested in further insights into AIRR and its market position, detailed information about other hedge funds’ holdings can be found on HoldingsChannel.com. This platform provides access to the latest 13F filings and insider trades related specifically to the First Trust RBA American Industrial Renaissance ETF.
In addition to this development, First Trust RBA American Industrial Renaissance ETF has recently declared a quarterly dividend that was paid on June 30th. Stockholders who held positions as of June 28th received a dividend payout of $0.0405 per share. This represents an increase from the previous quarterly dividend amounting to $0.03 per share. With an annualized dividend of $0.16 and a dividend yield of 0.30%, investors can potentially benefit from this improved return on their investments with AIRR.
Overall, these updates highlight LPL Financial LLC’s strengthened position within First Trust RBA American Industrial Renaissance ETF and suggest positive prospects for investors engaged with this particular exchange-traded fund in terms of both capital appreciation and dividends received.”
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First Trust RBA American Industrial Renaissance ETF: Stability and Growth in the Industrial Sector
The First Trust RBA American Industrial Renaissance ETF (AIRR) has garnered attention from several hedge funds and financial institutions in recent months. Notably, PNC Financial Services Group Inc. acquired a new stake in the ETF during the fourth quarter of the previous year, purchasing shares worth $35,000. Citigroup Inc. also boosted its ownership in AIRR by a substantial 805.1% during the first quarter, now owning 887 shares valued at $37,000.
Geneos Wealth Management Inc. raised its stake in shares of AIRR by 26.7% during the first quarter, accumulating an additional 400 shares worth $80,000. Similarly, International Assets Investment Management LLC entered the market with a new stake in AIRR during the first quarter, investing $211,000. Lastly, First Republic Investment Management Inc., in line with other institutions, purchased a new stake in AIRR amounting to $212,000.
In terms of market performance, on Thursday AIRR opened at $53.90 per share. Over the past twelve months, its stock has ranged from a low of $37.81 to a high of $55.30. With a market capitalization of $458.15 million and a price-to-earnings ratio of 18.72, AIRR exhibits stability amidst potential fluctuations in the industrial sector.
Managed by First Trust and launched on March 10th, 2014, AIRR is an exchange-traded fund primarily focused on investing in equity within the industrials sector. Its objective is to track a multifactor-selected index that identifies equities poised to benefit from any upturns related to US industrial and community banking sectors.
As investors navigate an ever-changing market landscape characterized by evolving trends and uncertainties, funds such as AIRR present an opportunity to gain exposure to promising sectors while mitigating risk through diversification strategies inherent to ETFs like this one. With a focus on industrial equities, AIRR aims to capture potential market share regain in the US, positioning itself as an attractive investment option for those seeking exposure to this sector.
The ETF’s ability to provide investors with access to a diversified portfolio of carefully selected companies within the industrials sector distinguishes it from traditional stock picking strategies. By leveraging a multifactor approach, the fund managers aim to enhance potential returns while managing risk effectively.
As of its reference date in August 2023, the First Trust RBA American Industrial Renaissance ETF illustrates stability and resilience amidst market fluctuations. Its strong performance record over the years solidifies its position as a reliable investment vehicle for those seeking long-term growth opportunities within the industrials equity landscape.
