First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Large Volume Increase – Here’s Why

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw an uptick in trading volume on Friday . 316,197 shares were traded 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 Stock Down 1.1 %

The firm has a market capitalization of $2.01 billion, a PE ratio of 23.16 and a beta of 1.25. The firm’s fifty day simple moving average is $75.68 and its 200-day simple moving average is $71.97.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 22.7% during 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 boosted its position in shares of First Trust RBA American Industrial Renaissance ETF by 12,150.6% during 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 lifted its position in First Trust RBA American Industrial Renaissance ETF by 82.6% during the third quarter. Raymond James & Associates now owns 613,331 shares of the company’s stock valued at $45,797,000 after purchasing an additional 277,507 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in First Trust RBA American Industrial Renaissance ETF by 97.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 440,640 shares of the company’s stock valued at $30,100,000 after purchasing an additional 217,241 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in First Trust RBA American Industrial Renaissance ETF by 0.5% during the first quarter. Kestra Advisory Services LLC now owns 269,572 shares of the company’s stock valued at $18,150,000 after purchasing an additional 1,434 shares during 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.