First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sets New 1-Year High – Here’s What Happened

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) reached a new 52-week high on Friday . The stock traded as high as $89.39 and last traded at $89.39, with a volume of 41788 shares trading hands. The stock had previously closed at $88.38.

First Trust RBA American Industrial Renaissance ETF Stock Up 0.4%

The company has a fifty day moving average of $82.69 and a two-hundred day moving average of $76.09. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 21.40 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.0662 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.26 annualized dividend and a dividend yield of 0.3%.

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

Several hedge funds have recently modified their holdings of AIRR. Salomon & Ludwin LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter valued at $27,000. TD Capital Management LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter valued at $27,000. Capital Analysts LLC increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 53.2% in the first quarter. Capital Analysts LLC now owns 409 shares of the company’s stock valued at $28,000 after buying an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 84.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 460 shares of the company’s stock valued at $31,000 after buying an additional 210 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth about $33,000.

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.