First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Reaches New 1-Year High – Still a Buy?

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) reached a new 52-week high during trading on Monday . The company traded as high as $104.47 and last traded at $104.25, with a volume of 135596 shares trading hands. The stock had previously closed at $101.52.

First Trust RBA American Industrial Renaissance ETF Trading Down 1.1%

The company has a market cap of $6.92 billion, a P/E ratio of 21.40 and a beta of 1.29. The company’s 50-day moving average price is $98.64 and its two-hundred day moving average price is $93.40.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AIRR. Bank of Montreal Can acquired a new position in First Trust RBA American Industrial Renaissance ETF during the second quarter worth about $100,000. Guided Capital Wealth Management LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth approximately $5,375,000. Guerra Pan Advisors LLC raised its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 7.4% in the 2nd quarter. Guerra Pan Advisors LLC now owns 13,429 shares of the company’s stock worth $1,093,000 after purchasing an additional 923 shares in the last quarter. Prospera Financial Services Inc lifted its stake in First Trust RBA American Industrial Renaissance ETF by 11.0% during the second quarter. Prospera Financial Services Inc now owns 91,431 shares of the company’s stock valued at $7,446,000 after purchasing an additional 9,039 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the second quarter valued at approximately $225,000.

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.