First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Reaches New 12-Month High – What’s Next?

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $126.55 and last traded at $126.22, with a volume of 447686 shares. The stock had previously closed at $121.58.

First Trust RBA American Industrial Renaissance ETF Stock Up 4.4%

The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 21.40 and a beta of 1.27. The company’s 50-day simple moving average is $116.44 and its 200-day simple moving average is $108.04.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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

A number of institutional investors have recently bought and sold shares of AIRR. Northwestern Mutual Wealth Management Co. increased its stake in First Trust RBA American Industrial Renaissance ETF by 2,619.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,587,899 shares of the company’s stock worth $1,041,002,000 after purchasing an additional 10,198,584 shares in the last quarter. Bank of America Corp DE increased its stake in First Trust RBA American Industrial Renaissance ETF by 17.1% in the 3rd quarter. Bank of America Corp DE now owns 7,102,044 shares of the company’s stock worth $686,626,000 after purchasing an additional 1,036,237 shares in the last quarter. Morgan Stanley increased its stake in First Trust RBA American Industrial Renaissance ETF by 12.2% in the 4th quarter. Morgan Stanley now owns 5,279,524 shares of the company’s stock worth $519,083,000 after purchasing an additional 575,709 shares in the last quarter. Raymond James Financial Inc. increased its stake in 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 worth $228,633,000 after purchasing an additional 508,440 shares in the last quarter. Finally, LPL Financial LLC increased its stake in 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 worth $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.