First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Reaches New 1-Year High – Here’s Why

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $134.17 and last traded at $133.63, with a volume of 103936 shares traded. The stock had previously closed at $130.48.

First Trust RBA American Industrial Renaissance ETF Price Performance

The business has a fifty day moving average price of $127.31 and a 200 day moving average price of $116.54. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 21.40 and a beta of 1.27.

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

Several large investors have recently bought and sold shares of the stock. Fischer Investment Strategies LLC boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 9.0% in the first quarter. Fischer Investment Strategies LLC now owns 62,239 shares of the company’s stock valued at $6,895,000 after acquiring an additional 5,113 shares in the last quarter. NewEdge Advisors LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF by 42.2% during the 1st quarter. NewEdge Advisors LLC now owns 208,896 shares of the company’s stock valued at $23,141,000 after purchasing an additional 62,005 shares in the last quarter. Keel Point LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the 1st quarter valued at $220,000. Cozad Asset Management Inc. lifted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 4.6% in the first quarter. Cozad Asset Management Inc. now owns 2,189 shares of the company’s stock valued at $242,000 after buying an additional 96 shares during the period. Finally, Western Wealth Management LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF by 4.7% during the first quarter. Western Wealth Management LLC now owns 55,593 shares of the company’s stock valued at $6,159,000 after buying an additional 2,502 shares in the last quarter.

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.