First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sets New 52-Week Low – Should You Sell?

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

First Trust RBA American Industrial Renaissance ETF Trading Up 3.5%

The firm’s 50-day moving average is $103.00 and its 200 day moving average is $116.37. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 21.40 and a beta of 1.30.

Institutional Trading of First Trust RBA American Industrial Renaissance ETF

Several institutional investors have recently modified their holdings of the business. McKinney Capital Management LLC grew its position in shares of First Trust RBA American Industrial Renaissance ETF by 5.5% in the 3rd quarter. McKinney Capital Management LLC now owns 6,921 shares of the company’s stock valued at $715,000 after buying an additional 361 shares during the last quarter. Stonebridge Financial Planning Group LLC boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 46.5% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 23,498 shares of the company’s stock valued at $2,426,000 after purchasing an additional 7,460 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of First Trust RBA American Industrial Renaissance ETF by 21.5% in the 3rd quarter. Moors & Cabot Inc. now owns 26,641 shares of the company’s stock valued at $2,750,000 after purchasing an additional 4,716 shares during the last quarter. Money Concepts Capital Corp bought a new stake in shares of First Trust RBA American Industrial Renaissance ETF in the 3rd quarter valued at $412,000. Finally, Allworth Financial LP increased its position in shares of First Trust RBA American Industrial Renaissance ETF by 1.1% during the third quarter. Allworth Financial LP now owns 14,234 shares of the company’s stock worth $1,470,000 after buying an additional 150 shares during the period.

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.