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

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

First Trust RBA American Industrial Renaissance ETF Stock Performance

The company has a 50 day simple moving average of $77.73 and a two-hundred day simple moving average of $72.89. The company has a market cap of $2.11 billion, a PE ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given 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. The ex-dividend date was Thursday, September 26th. This represents a $0.17 dividend on an annualized basis and a yield of 0.20%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Morse Asset Management Inc bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at approximately $25,000. Farther Finance Advisors LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth $26,000. Carolinas Wealth Consulting LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at $29,000. Howe & Rusling Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter valued at $40,000. Finally, Concourse Financial Group Securities Inc. lifted its stake 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 purchasing an additional 348 shares during the last quarter.

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.