First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sets New 1-Year Low – Should You Sell?

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR)’s share price reached a new 52-week low on Friday . The stock traded as low as $61.21 and last traded at $61.43, with a volume of 309245 shares changing hands. The stock had previously closed at $65.29.

First Trust RBA American Industrial Renaissance ETF Stock Down 4.2 %

The business has a 50-day simple moving average of $73.08 and a 200-day simple moving average of $77.15. The company has a market cap of $2.86 billion, a PE ratio of 19.74 and a beta of 1.22.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.075 per share. This is a positive change from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, March 27th. This represents a $0.30 annualized dividend and a yield of 0.48%.

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

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 136.1% in the fourth quarter. Bank of America Corp DE now owns 3,533,091 shares of the company’s stock valued at $272,189,000 after purchasing an additional 2,036,464 shares during the period. Raymond James Financial Inc. acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth approximately $137,940,000. Wells Fargo & Company MN acquired a new stake in First Trust RBA American Industrial Renaissance ETF during the 4th quarter worth approximately $69,810,000. LPL Financial LLC boosted its position in First Trust RBA American Industrial Renaissance ETF by 42.7% in the 4th quarter. LPL Financial LLC now owns 2,654,421 shares of the company’s stock valued at $204,497,000 after buying an additional 794,494 shares during the period. Finally, Meitav Investment House Ltd. purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF during the fourth quarter worth $26,942,000.

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.