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

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw unusually-strong trading volume on Friday . Approximately 611,075 shares were traded during 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 firm has a market cap of $2.10 billion, a PE ratio of 23.16 and a beta of 1.25. The stock’s fifty day moving average price is $77.44 and its 200-day moving average price is $72.75.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

A number of hedge funds have recently modified their holdings of the company. Morse Asset Management Inc acquired a new position in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at about $25,000. Farther Finance Advisors LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the third quarter worth about $26,000. Carolinas Wealth Consulting LLC acquired a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the second quarter worth about $29,000. Howe & Rusling Inc. acquired a new stake in First Trust RBA American Industrial Renaissance ETF in the third quarter valued at approximately $40,000. Finally, Concourse Financial Group Securities Inc. raised its holdings in First Trust RBA American Industrial Renaissance ETF by 80.4% in the second quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock valued at $53,000 after acquiring an additional 348 shares in 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.