Envestnet Portfolio Solutions Inc. Acquires 6,969 Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)

Envestnet Portfolio Solutions Inc. increased its position in First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,145 shares of the company’s stock after buying an additional 6,969 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.09% of First Trust RBA American Industrial Renaissance ETF worth $3,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AIRR. Raymond James Financial Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 4th quarter worth $137,940,000. Meitav Investment House Ltd. acquired a new position in First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth $26,942,000. LPL Financial LLC lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 22.7% in the third quarter. LPL Financial LLC now owns 1,859,927 shares of the company’s stock valued at $138,881,000 after buying an additional 343,844 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter valued at about $16,758,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth about $14,236,000.

First Trust RBA American Industrial Renaissance ETF Stock Performance

Shares of NASDAQ AIRR opened at $70.77 on Thursday. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 22.32 and a beta of 1.28. First Trust RBA American Industrial Renaissance ETF has a fifty-two week low of $61.36 and a fifty-two week high of $86.95. The firm’s 50-day simple moving average is $76.03 and its 200 day simple moving average is $77.21.

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.