First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Hits New 1-Year High – Should You Buy?

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $120.75 and last traded at $119.84, with a volume of 686152 shares changing hands. The stock had previously closed at $118.50.

First Trust RBA American Industrial Renaissance ETF Price Performance

The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 21.40 and a beta of 1.29. The stock has a 50-day moving average of $106.07 and a 200 day moving average of $98.27.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.0276 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.01.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

A number of institutional investors have recently made changes to their positions in AIRR. Armstrong Advisory Group Inc. acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth about $33,000. Hazlett Burt & Watson Inc. raised its holdings in 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 worth $36,000 after purchasing an additional 240 shares during the period. Park Square Financial Group LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth $47,000. CIBC Private Wealth Group LLC increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 107.4% in the third quarter. CIBC Private Wealth Group LLC now owns 502 shares of the company’s stock worth $49,000 after acquiring an additional 260 shares in the last quarter. Finally, Main Street Group LTD bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth about $64,000.

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.