First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Hits New 12-Month High – Time to Buy?

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $108.54 and last traded at $108.10, with a volume of 27306 shares traded. The stock had previously closed at $107.60.

First Trust RBA American Industrial Renaissance ETF Stock Performance

The stock’s 50 day moving average price is $99.01 and its 200 day moving average price is $93.95. The company has a market capitalization of $7.31 billion, a P/E ratio of 21.40 and a beta of 1.29.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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

Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in First Trust RBA American Industrial Renaissance ETF by 17.1% during 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. UBS Group AG boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 7.9% during the third quarter. UBS Group AG now owns 1,917,883 shares of the company’s stock valued at $185,421,000 after buying an additional 140,507 shares during the last quarter. Raymond James Financial Inc. grew its holdings in First Trust RBA American Industrial Renaissance ETF by 10.3% during the third quarter. Raymond James Financial Inc. now owns 1,816,953 shares of the company’s stock worth $175,663,000 after buying an additional 170,254 shares in the last quarter. Parcion Private Wealth LLC raised its position in First Trust RBA American Industrial Renaissance ETF by 53.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 653,750 shares of the company’s stock valued at $53,215,000 after buying an additional 228,754 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in First Trust RBA American Industrial Renaissance ETF by 5.2% during the 2nd quarter. Osaic Holdings Inc. now owns 528,956 shares of the company’s stock valued at $43,039,000 after acquiring an additional 26,038 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.