First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Reaches New 52-Week High – Still a Buy?

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 $77.90 and last traded at $77.72, with a volume of 6134 shares. The stock had previously closed at $77.72.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.6 %

The stock has a market cap of $1.81 billion, a PE ratio of 23.16 and a beta of 1.25. The company’s 50 day moving average is $72.51 and its 200-day moving average is $70.03.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.0419 dividend. This is a boost from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, September 26th. This represents a $0.17 annualized dividend and a dividend yield of 0.22%.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

A number of hedge funds have recently bought and sold shares of AIRR. Cedrus LLC raised its holdings in First Trust RBA American Industrial Renaissance ETF by 26.3% in the third quarter. Cedrus LLC now owns 8,087 shares of the company’s stock valued at $604,000 after acquiring an additional 1,685 shares in the last quarter. Raymond James & Associates grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 82.6% in the 3rd quarter. Raymond James & Associates now owns 613,331 shares of the company’s stock worth $45,797,000 after acquiring an additional 277,507 shares in the last quarter. Bleakley Financial Group LLC bought a new position in First Trust RBA American Industrial Renaissance ETF during the third quarter worth $1,473,000. Good Life Advisors LLC lifted its stake in First Trust RBA American Industrial Renaissance ETF by 28.3% during the third quarter. Good Life Advisors LLC now owns 14,375 shares of the company’s stock worth $1,073,000 after purchasing an additional 3,175 shares during the last quarter. Finally, SPC Financial Inc. boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 1.9% in the third quarter. SPC Financial Inc. now owns 76,411 shares of the company’s stock worth $5,706,000 after purchasing an additional 1,457 shares during the period.

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.