First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Strong Trading Volume

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw unusually-strong trading volume on Wednesday . Approximately 250,599 shares traded hands during mid-day trading, an increase of 99% from the previous session’s volume of 125,746 shares.The stock last traded at $67.54 and had previously closed at $66.56.

First Trust RBA American Industrial Renaissance ETF Stock Performance

The company’s 50 day simple moving average is $69.42 and its 200-day simple moving average is $63.88. The firm has a market capitalization of $1.20 billion, a PE ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.0333 per share. This represents a $0.13 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Thursday, June 27th.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 1st quarter valued at $27,000. Principal Securities Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 4th quarter valued at $39,000. J.W. Cole Advisors Inc. bought a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 1st quarter valued at $210,000. Global Retirement Partners LLC grew its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 1,580.6% during the 4th quarter. Global Retirement Partners LLC now owns 4,067 shares of the company’s stock valued at $221,000 after purchasing an additional 3,825 shares during the last quarter. Finally, Independent Wealth Network Inc. bought a new stake in First Trust RBA American Industrial Renaissance ETF in the 1st quarter worth $247,000.

About First Trust RBA American Industrial Renaissance ETF

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.