First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sees Unusually-High Trading Volume – What’s Next?

First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) saw unusually-strong trading volume on Thursday . Approximately 509,999 shares changed hands during trading, an increase of 185% from the previous session’s volume of 178,687 shares.The stock last traded at $83.52 and had previously closed at $83.96.

First Trust RBA American Industrial Renaissance ETF Price Performance

The firm’s 50 day moving average is $74.12 and its 200 day moving average is $71.19. The company has a market capitalization of $2.05 billion, a PE ratio of 23.16 and a beta of 1.25.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.0419 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.20%. This is an increase 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

Several hedge funds have recently made changes to their positions in AIRR. Farther Finance Advisors LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the third quarter worth $26,000. Carolinas Wealth Consulting LLC purchased a new position in shares of First Trust RBA American Industrial Renaissance ETF in the second quarter worth $29,000. Concourse Financial Group Securities Inc. increased its stake in shares of 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 worth $53,000 after buying an additional 348 shares during the period. ORG Partners LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 3rd quarter valued at $194,000. Finally, Register Financial Advisors LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 2nd quarter valued at $199,000.

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.