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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $75.93 and last traded at $75.90, with a volume of 36481 shares changing hands. The stock had previously closed at $74.42.

First Trust RBA American Industrial Renaissance ETF Stock Up 2.3 %

The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. The company has a 50-day moving average price of $71.59 and a 200 day moving average price of $69.71.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.0419 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. This represents a $0.17 dividend on an annualized basis and a yield of 0.22%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 1st quarter valued at $27,000. Carolinas Wealth Consulting LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter valued at $29,000. Concourse Financial Group Securities Inc. boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 80.4% in the second quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock worth $53,000 after purchasing an additional 348 shares in the last quarter. ORG Partners LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the third quarter worth $194,000. Finally, Register Financial Advisors LLC bought a new position in First Trust RBA American Industrial Renaissance ETF during the second quarter valued at about $199,000.

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.