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

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $90.28 and last traded at $90.22, with a volume of 1,298,023 shares. The stock had previously closed at $97.39.

First Trust RBA American Industrial Renaissance ETF Stock Down 7.0%

The stock has a fifty day simple moving average of $103.82 and a 200 day simple moving average of $116.57. The firm has a market capitalization of $7.69 billion, a P/E ratio of 21.40 and a beta of 1.30.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter valued at approximately $27,000. Abound Wealth Management purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the second quarter worth approximately $33,000. Balance Wealth Partners LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth approximately $35,000. Torren Management LLC bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the 1st quarter worth approximately $43,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 242.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 480 shares of the company’s stock worth $64,000 after acquiring an additional 340 shares during 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.