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

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) reached a new 52-week high on Monday . The stock traded as high as $108.54 and last traded at $108.10, with a volume of 27306 shares traded. The stock had previously closed at $107.60.

First Trust RBA American Industrial Renaissance ETF Stock Up 1.1%

The company has a market cap of $7.31 billion, a P/E ratio of 21.40 and a beta of 1.29. The company’s 50-day moving average is $99.01 and its two-hundred day moving average is $93.95.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

Hedge Funds Weigh In On First Trust RBA American Industrial Renaissance ETF

Several institutional investors and hedge funds have recently bought and sold shares of AIRR. Bank of Montreal Can bought a new position in First Trust RBA American Industrial Renaissance ETF during the second quarter valued at approximately $100,000. Guided Capital Wealth Management LLC bought a new stake in First Trust RBA American Industrial Renaissance ETF during the 3rd quarter valued at $5,375,000. Guerra Pan Advisors LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 7.4% during the 2nd quarter. Guerra Pan Advisors LLC now owns 13,429 shares of the company’s stock valued at $1,093,000 after buying an additional 923 shares during the period. JBR Co Financial Management Inc boosted its position in First Trust RBA American Industrial Renaissance ETF by 19.3% during the 3rd quarter. JBR Co Financial Management Inc now owns 31,806 shares of the company’s stock valued at $3,075,000 after buying an additional 5,154 shares during the period. Finally, Prospera Financial Services Inc grew its holdings in First Trust RBA American Industrial Renaissance ETF by 11.0% in the 2nd quarter. Prospera Financial Services Inc now owns 91,431 shares of the company’s stock worth $7,446,000 after acquiring an additional 9,039 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.