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

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw unusually-strong trading volume on Friday . Approximately 611,075 shares were traded 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 Price Performance

The company’s fifty day simple moving average is $77.16 and its 200 day simple moving average is $72.59. The firm has a market capitalization of $2.10 billion, a PE 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. Investors of record on Thursday, September 26th were given a dividend of $0.0419 per share. This represents a $0.17 annualized dividend and a yield of 0.20%. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cascade Investment Group Inc. boosted its holdings in shares of First Trust RBA American Industrial Renaissance ETF by 2.2% during the 2nd quarter. Cascade Investment Group Inc. now owns 9,171 shares of the company’s stock valued at $626,000 after buying an additional 200 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 1.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 12,600 shares of the company’s stock worth $941,000 after purchasing an additional 211 shares in the last quarter. First Heartland Consultants Inc. grew its stake in shares of First Trust RBA American Industrial Renaissance ETF by 5.2% in the 2nd quarter. First Heartland Consultants Inc. now owns 5,941 shares of the company’s stock worth $406,000 after buying an additional 295 shares during the last quarter. D.A. Davidson & CO. raised its stake in First Trust RBA American Industrial Renaissance ETF by 1.1% during the third quarter. D.A. Davidson & CO. now owns 28,558 shares of the company’s stock valued at $2,132,000 after buying an additional 318 shares during the last quarter. Finally, Morse Asset Management Inc bought a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter worth $25,000.

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.