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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $130.70 and last traded at $130.68, with a volume of 684140 shares. The stock had previously closed at $125.27.

First Trust RBA American Industrial Renaissance ETF Price Performance

The company has a market cap of $10.42 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. The business’s 50-day simple moving average is $116.74 and its 200-day simple moving average is $108.56.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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

Institutional investors have recently modified their holdings of the company. Sankala Group LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at approximately $25,000. Truvestments Capital LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. raised its position in shares of 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 position in shares of First Trust RBA American Industrial Renaissance ETF in the first quarter valued at approximately $43,000. Finally, Park Square Financial Group LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the fourth quarter valued at approximately $47,000.

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.