First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Reaches New 12-Month High – Here’s Why

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $120.75 and last traded at $119.84, with a volume of 686152 shares trading hands. The stock had previously closed at $118.50.

First Trust RBA American Industrial Renaissance ETF Price Performance

The firm has a 50 day simple moving average of $106.07 and a 200-day simple moving average of $98.27. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.0276 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, December 12th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its position in First Trust RBA American Industrial Renaissance ETF by 2,619.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock worth $1,041,002,000 after buying an additional 10,198,584 shares in the last quarter. Bank of America Corp DE raised its stake in shares of First Trust RBA American Industrial Renaissance ETF by 17.1% in the third quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock worth $686,626,000 after acquiring an additional 1,036,237 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 800.0% during the third quarter. BNP Paribas Financial Markets now owns 450,000 shares of the company’s stock worth $43,506,000 after purchasing an additional 400,000 shares in the last quarter. Parcion Private Wealth LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 53.8% during the second quarter. Parcion Private Wealth LLC now owns 653,750 shares of the company’s stock valued at $53,215,000 after purchasing an additional 228,754 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 9.9% in the fourth quarter. UBS Group AG now owns 2,107,557 shares of the company’s stock valued at $207,215,000 after purchasing an additional 189,674 shares in 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.