First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Reaches New 52-Week Low – Here’s What Happened

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) reached a new 52-week low on Thursday. The company traded as low as $90.28 and last traded at $90.22, with a volume of 1,298,023 shares. The stock had previously closed at $97.39.

First Trust RBA American Industrial Renaissance ETF Stock Performance

The firm’s 50-day moving average price is $103.82 and its two-hundred day moving average price is $116.57. The firm has a market cap of $7.69 billion, a PE ratio of 21.40 and a beta of 1.30.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Abound Wealth Management purchased a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 2nd quarter valued at about $33,000. Root Financial Partners LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth approximately $27,000. Balance Wealth Partners LLC purchased a new position in First Trust RBA American Industrial Renaissance ETF during the 3rd quarter worth approximately $35,000. Torren Management LLC acquired a new position in First Trust RBA American Industrial Renaissance ETF during the first quarter worth approximately $43,000. Finally, SBI Securities Co. Ltd. increased its position in First Trust RBA American Industrial Renaissance ETF by 242.9% during the second quarter. SBI Securities Co. Ltd. now owns 480 shares of the company’s stock worth $64,000 after buying an additional 340 shares during the period.

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.