First Trust RBA American Industrial Renaissance ETF·Financial Services
The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Richard Bernstein Advisors American Industrial Renaissance Index (the "Index"). The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. equity securities that comprise the Index. The Index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors.
Financial Services
Asset Management
2014-03-11
1.54
Market Peers







The First Trust RBA American Industrial Renaissance ETF (AIRR) was launched on 03/10/2014, and is a smart beta exchange traded fund designed to offer broad exposure to the Industrials ETFs category of the market.

Ausdal Financial Partners Inc. increased its holdings in shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ: AIRR) by 64.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,230 shares of the company's stock after purchasing an additional

Bank of America Corp DE increased its stake in First Trust RBA American Industrial Renaissance ETF (NASDAQ: AIRR) by 17.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,102,044 shares of the company's stock after purchasing an additional 1,036,237

First Trust RBA American Industrial Renaissance ETF offers targeted exposure to the EPC segment, benefiting from surging demand in power, water, and data center infrastructure. Strong backlog growth and improving book-to-bill ratios underpin AIRR's durable multi-year growth outlook, despite industry bottlenecks in labor and materials. AIRR trades at a premium 30.40x P/E, justified by historical trends during cyclical upswings and robust fundamentals in underlying holdings like FIX and STRL.

The First Trust RBA American Industrial Renaissance ETF targets small and mid-cap U.S. industrial and community banking companies.

Most industrial ETFs offer broad baskets of large-cap conglomerates and defense primes.