First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Reaches New 12-Month High – Still a Buy?

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) hit a new 52-week high on Monday . The company traded as high as $86.50 and last traded at $86.24, with a volume of 25081 shares changing hands. The stock had previously closed at $85.17.

First Trust RBA American Industrial Renaissance ETF Trading Down 0.3 %

The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. The company has a fifty day moving average of $77.73 and a two-hundred day moving average of $72.89.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.0419 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.20%. 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AIRR. World Investment Advisors LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 4.1% during the third quarter. World Investment Advisors LLC now owns 8,213 shares of the company’s stock valued at $613,000 after acquiring an additional 326 shares during the period. Sanctuary Advisors LLC lifted its position in shares of First Trust RBA American Industrial Renaissance ETF by 394.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 71,138 shares of the company’s stock worth $5,312,000 after purchasing an additional 56,758 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at approximately $582,000. MML Investors Services LLC increased its position in First Trust RBA American Industrial Renaissance ETF by 21.9% in the 3rd quarter. MML Investors Services LLC now owns 132,179 shares of the company’s stock worth $9,870,000 after buying an additional 23,782 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new position in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter worth approximately $118,000.

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.