First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Unusually-High Trading Volume – Here’s What Happened

by · The Cerbat Gem

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR – Get Free Report) saw an uptick in trading volume on Thursday . 509,999 shares changed hands during mid-day trading, an increase of 185% from the previous session’s volume of 178,687 shares.The stock last traded at $83.52 and had previously closed at $83.96.

First Trust RBA American Industrial Renaissance ETF Trading Up 1.3 %

The company has a market cap of $2.08 billion, a PE ratio of 23.16 and a beta of 1.25. The firm’s fifty day moving average is $74.56 and its 200 day moving average is $71.43.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.0419 dividend. This represents a $0.17 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIRR. Raymond James & Associates boosted its stake in First Trust RBA American Industrial Renaissance ETF by 7.6% during the 2nd quarter. Raymond James & Associates now owns 335,824 shares of the company’s stock worth $22,940,000 after purchasing an additional 23,754 shares during the last quarter. Prudential PLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 2nd quarter worth $2,732,000. Comerica Bank boosted its stake in First Trust RBA American Industrial Renaissance ETF by 3.8% during the 1st quarter. Comerica Bank now owns 20,234 shares of the company’s stock worth $1,362,000 after purchasing an additional 746 shares during the last quarter. Western Wealth Management LLC acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 2nd quarter worth $1,632,000. Finally, Janney Montgomery Scott LLC boosted its stake in First Trust RBA American Industrial Renaissance ETF by 37.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,679 shares of the company’s stock worth $1,729,000 after purchasing an additional 7,034 shares during the last quarter.

About First Trust RBA American Industrial Renaissance ETF

(Get Free Report)

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.

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