First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Hits New 52-Week High – Should You Buy?

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) reached a new 52-week high during trading on Monday . The stock traded as high as $86.50 and last traded at $86.24, with a volume of 25081 shares traded. The stock had previously closed at $85.17.

First Trust RBA American Industrial Renaissance ETF Stock Performance

The business’s fifty day simple moving average is $77.44 and its 200-day simple moving average is $72.78. The company has a market capitalization of $2.12 billion, a P/E ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.0419 per share. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.17 annualized dividend and a yield of 0.19%. The ex-dividend date was Thursday, September 26th.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

Several large investors have recently added to or reduced their stakes in the stock. Morse Asset Management Inc purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter valued at approximately $25,000. Farther Finance Advisors LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter valued at $26,000. Carolinas Wealth Consulting LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at $29,000. Howe & Rusling Inc. acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at $40,000. Finally, Concourse Financial Group Securities Inc. increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 80.4% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock valued at $53,000 after acquiring an additional 348 shares during the period.

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.