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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) hit 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 trading hands. The stock had previously closed at $130.48.

First Trust RBA American Industrial Renaissance ETF Stock Down 2.3%

The firm has a 50 day moving average of $127.69 and a 200-day moving average of $116.87. The company has a market cap of $10.35 billion, a P/E ratio of 21.40 and a beta of 1.27.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in AIRR. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust RBA American Industrial Renaissance ETF by 2,619.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock worth $1,041,002,000 after acquiring an additional 10,198,584 shares during the period. Bank of America Corp DE increased its position in First Trust RBA American Industrial Renaissance ETF by 17.1% during the 3rd quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock valued at $686,626,000 after purchasing an additional 1,036,237 shares during the period. Morgan Stanley increased its position in First Trust RBA American Industrial Renaissance ETF by 12.2% during the 4th quarter. Morgan Stanley now owns 5,279,524 shares of the company’s stock valued at $519,083,000 after purchasing an additional 575,709 shares during the period. Raymond James Financial Inc. raised its holdings in shares of 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 valued at $228,633,000 after purchasing an additional 508,440 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 12.0% in the 4th quarter. LPL Financial LLC now owns 4,570,226 shares of the company’s stock valued at $449,345,000 after purchasing an additional 490,347 shares in 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.