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

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw strong trading volume on Friday . 611,075 shares traded hands during mid-day trading, an increase of 195% from the previous session’s volume of 207,299 shares.The stock last traded at $84.85 and had previously closed at $84.16.

First Trust RBA American Industrial Renaissance ETF Stock Up 1.2 %

The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 23.16 and a beta of 1.25. The business has a 50-day moving average of $77.16 and a two-hundred day moving average of $72.59.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the third quarter worth $26,000. Raymond James & Associates increased its position in shares of 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 in the last quarter. Prudential PLC bought a new position in First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at about $2,732,000. Janney Montgomery Scott LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 6.0% in the third quarter. Janney Montgomery Scott LLC now owns 36,744 shares of the company’s stock valued at $2,744,000 after buying an additional 2,090 shares in the last quarter. Finally, Comerica Bank grew its stake in First Trust RBA American Industrial Renaissance ETF by 3.8% during the first quarter. Comerica Bank now owns 20,234 shares of the company’s stock worth $1,362,000 after buying an additional 746 shares during 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.