First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Reaches New 12-Month High – Time to Buy?

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $130.70 and last traded at $130.68, with a volume of 684140 shares changing hands. The stock had previously closed at $125.27.

First Trust RBA American Industrial Renaissance ETF Trading Down 2.2%

The stock has a market cap of $10.28 billion, a PE ratio of 21.40 and a beta of 1.29. The business’s 50-day moving average price is $117.18 and its 200-day moving average price is $109.05.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.0668 dividend. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.27 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sankala Group LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth $25,000. Truvestments Capital LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. raised its stake in First Trust RBA American Industrial Renaissance ETF by 200.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock valued at $36,000 after buying an additional 240 shares during the last quarter. Torren Management LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the first quarter worth about $43,000. Finally, Park Square Financial Group LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the fourth quarter worth about $47,000.

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.