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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $126.55 and last traded at $126.22, with a volume of 447686 shares changing hands. The stock had previously closed at $121.58.

First Trust RBA American Industrial Renaissance ETF Stock Performance

The stock has a fifty day moving average price of $116.57 and a 200-day moving average price of $108.17. The firm has a market capitalization of $10.14 billion, a PE ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0668 per share. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 26th. This represents a $0.27 annualized dividend and a yield of 0.2%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIRR. 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 position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth $31,000. Hazlett Burt & Watson Inc. grew its stake in First Trust RBA American Industrial Renaissance ETF by 200.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 360 shares of the company’s stock worth $36,000 after buying an additional 240 shares during the last quarter. Torren Management LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth $43,000. Finally, Park Square Financial Group LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth $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.