First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Reaches New 12-Month High – Here’s What Happened
by Amy Steele · The Cerbat GemShares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $124.00 and last traded at $124.00, with a volume of 1246 shares changing hands. The stock had previously closed at $122.79.
First Trust RBA American Industrial Renaissance ETF Stock Down 1.2%
The business has a 50-day moving average price of $115.28 and a 200-day moving average price of $106.08. The firm has a market capitalization of $9.25 billion, a PE ratio of 21.40 and a beta of 1.27.
First Trust RBA American Industrial Renaissance ETF Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0668 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.2%. 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, March 26th.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Condor Capital Management lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 2.1% in the fourth quarter. Condor Capital Management now owns 4,419 shares of the company’s stock valued at $435,000 after acquiring an additional 89 shares during the last quarter. Guerra Pan Advisors LLC lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 0.8% in the fourth quarter. Guerra Pan Advisors LLC now owns 13,537 shares of the company’s stock valued at $1,331,000 after acquiring an additional 108 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 2.0% in the fourth quarter. Archford Capital Strategies LLC now owns 5,727 shares of the company’s stock valued at $563,000 after acquiring an additional 110 shares during the last quarter. Summit Investment Advisory Services LLC lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 5.6% in the fourth quarter. Summit Investment Advisory Services LLC now owns 2,409 shares of the company’s stock valued at $237,000 after acquiring an additional 127 shares during the last quarter. Finally, Global View Capital Management LLC lifted its holdings in First Trust RBA American Industrial Renaissance ETF by 1.5% in the third quarter. Global View Capital Management LLC now owns 9,021 shares of the company’s stock valued at $872,000 after acquiring an additional 129 shares during the last quarter.
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.