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) shares 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 Performance

The firm’s 50 day moving average is $77.44 and its 200-day moving average is $72.75. The stock has a market capitalization of $2.10 billion, a price-to-earnings 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 issued a $0.0419 dividend. This represents a $0.17 annualized dividend and a yield of 0.20%. The ex-dividend date was Thursday, September 26th. 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morse Asset Management Inc purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth $25,000. Farther Finance Advisors LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth $26,000. Carolinas Wealth Consulting LLC purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 2nd quarter worth $29,000. Howe & Rusling Inc. purchased a new stake in First Trust RBA American Industrial Renaissance ETF in the 3rd quarter worth $40,000. Finally, Concourse Financial Group Securities Inc. increased its holdings in First Trust RBA American Industrial Renaissance ETF by 80.4% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 781 shares of the company’s stock worth $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.