First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Unusually-High Trading Volume – Here’s Why

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) shares saw strong trading volume on Thursday . 509,999 shares were traded during trading, an increase of 185% from the previous session’s volume of 178,687 shares.The stock last traded at $83.52 and had previously closed at $83.96.

First Trust RBA American Industrial Renaissance ETF Stock Performance

The firm’s 50-day moving average price is $74.56 and its two-hundred day moving average price is $71.43. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.0419 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.17 dividend on an annualized basis and a yield of 0.20%. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AIRR. Janney Montgomery Scott LLC lifted its position in First Trust RBA American Industrial Renaissance ETF by 37.7% in the first quarter. Janney Montgomery Scott LLC now owns 25,679 shares of the company’s stock valued at $1,729,000 after buying an additional 7,034 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 122.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 27,599 shares of the company’s stock valued at $1,858,000 after buying an additional 15,216 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 36.9% in the first quarter. Oppenheimer & Co. Inc. now owns 12,457 shares of the company’s stock valued at $839,000 after buying an additional 3,358 shares during the last quarter. Atomi Financial Group Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 4.3% in the first quarter. Atomi Financial Group Inc. now owns 8,615 shares of the company’s stock valued at $580,000 after buying an additional 353 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF in the first quarter valued at about $1,600,000.

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.