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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRRGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $134.17 and last traded at $133.63, with a volume of 103936 shares changing hands. The stock had previously closed at $130.48.

First Trust RBA American Industrial Renaissance ETF Stock Performance

The stock has a market capitalization of $10.60 billion, a P/E ratio of 21.40 and a beta of 1.27. The stock has a 50 day moving average of $127.31 and a 200 day moving average of $116.54.

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

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $1,041,002,000 after purchasing an additional 10,198,584 shares during the period. Bank of America Corp DE raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 11.6% during the first quarter. Bank of America Corp DE now owns 9,675,697 shares of the company’s stock valued at $1,071,874,000 after buying an additional 1,004,172 shares during the last quarter. Morgan Stanley raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12.2% during the fourth quarter. Morgan Stanley now owns 5,279,524 shares of the company’s stock valued at $519,083,000 after buying an additional 575,709 shares during the last quarter. LPL Financial LLC boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 12.0% during the fourth quarter. LPL Financial LLC now owns 4,570,226 shares of the company’s stock worth $449,345,000 after buying an additional 490,347 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in First Trust RBA American Industrial Renaissance ETF by 28.0% in the 4th quarter. Raymond James Financial Inc. now owns 2,325,393 shares of the company’s stock worth $228,633,000 after buying an additional 508,440 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Company Profile

(Get Free Report)

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.

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