First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Reaches New 52-Week High – Here’s Why

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) reached a new 52-week high during trading on Wednesday . The company traded as high as $124.00 and last traded at $124.00, with a volume of 1246 shares. The stock had previously closed at $122.79.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.7%

The business’s 50 day moving average is $115.57 and its 200 day moving average is $106.28. The stock 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 company also recently declared 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. The ex-dividend date of this dividend was Thursday, March 26th. 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.

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

A number of large investors have recently made changes to their positions in AIRR. Brookstone Capital Management boosted its position in First Trust RBA American Industrial Renaissance ETF by 65.1% in the 1st quarter. Brookstone Capital Management now owns 4,028 shares of the company’s stock valued at $446,000 after buying an additional 1,589 shares during the period. CPR Investments Inc. purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 1st quarter valued at about $260,000. Cambridge Advisors Inc. boosted its position in First Trust RBA American Industrial Renaissance ETF by 13.0% in the 1st quarter. Cambridge Advisors Inc. now owns 17,116 shares of the company’s stock valued at $1,896,000 after buying an additional 1,967 shares during the period. Park National Corp OH boosted its position in First Trust RBA American Industrial Renaissance ETF by 10.2% in the 1st quarter. Park National Corp OH now owns 31,894 shares of the company’s stock valued at $3,533,000 after buying an additional 2,940 shares during the period. Finally, Founders Financial Securities LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 10.4% in the 1st quarter. Founders Financial Securities LLC now owns 6,253 shares of the company’s stock valued at $754,000 after buying an additional 589 shares during the period.

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.