First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Large Volume Increase

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw an uptick in trading volume on Thursday . 154,300 shares changed hands during trading, an increase of 50% from the previous session’s volume of 102,691 shares.The stock last traded at $72.17 and had previously closed at $72.01.

First Trust RBA American Industrial Renaissance ETF Stock Performance

The company has a market cap of $1.02 billion, a P/E ratio of 23.16 and a beta of 1.25. The firm’s 50 day moving average price is $66.47 and its two-hundred day moving average price is $59.97.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.0096 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.05%.

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

A number of institutional investors and hedge funds have recently modified their holdings of AIRR. Global Assets Advisory LLC purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 1st quarter valued at about $34,255,000. International Assets Investment Management LLC raised its position in First Trust RBA American Industrial Renaissance ETF by 5,949.1% in the fourth quarter. International Assets Investment Management LLC now owns 337,479 shares of the company’s stock valued at $19,520,000 after purchasing an additional 331,900 shares during the period. LPL Financial LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF by 54.2% in the third quarter. LPL Financial LLC now owns 868,861 shares of the company’s stock valued at $44,764,000 after acquiring an additional 305,308 shares during the period. UBS Group AG raised its holdings in First Trust RBA American Industrial Renaissance ETF by 27.6% during the third quarter. UBS Group AG now owns 498,689 shares of the company’s stock worth $25,692,000 after purchasing an additional 107,823 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its position in First Trust RBA American Industrial Renaissance ETF by 135.8% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 170,296 shares of the company’s stock worth $11,466,000 after purchasing an additional 98,065 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.