First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Large Volume Increase – Time to Buy?

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) shares saw unusually-strong trading volume on Friday . Approximately 316,197 shares traded hands during trading, an increase of 61% from the previous session’s volume of 196,568 shares.The stock last traded at $81.67 and had previously closed at $82.47.

First Trust RBA American Industrial Renaissance ETF Price Performance

The firm has a fifty day simple moving average of $75.68 and a 200 day simple moving average of $71.97. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.0419 per share. This represents a $0.17 annualized dividend and a yield of 0.21%. The ex-dividend date was Thursday, September 26th. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIRR. LPL Financial LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 22.7% in the third quarter. LPL Financial LLC now owns 1,859,927 shares of the company’s stock worth $138,881,000 after acquiring an additional 343,844 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 12,150.6% in the third quarter. International Assets Investment Management LLC now owns 701,961 shares of the company’s stock worth $52,415,000 after acquiring an additional 696,231 shares during the last quarter. Raymond James & Associates increased its holdings in 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 valued at $45,797,000 after buying an additional 277,507 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in First Trust RBA American Industrial Renaissance ETF by 97.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 440,640 shares of the company’s stock valued at $30,100,000 after buying an additional 217,241 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in First Trust RBA American Industrial Renaissance ETF by 0.5% during the 1st quarter. Kestra Advisory Services LLC now owns 269,572 shares of the company’s stock worth $18,150,000 after buying an additional 1,434 shares in the last quarter.

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.