Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
First Trust RBA American Industrial Renaissance ETF (AIRR) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
First Trust RBA American Industrial Renaissance ETF (AIRR) - free report >>
Image: Bigstock
Industrial ETF (AIRR) Hits New 52-Week High
For investors seeking momentum, First Trust RBA American Industrial Renaissance ETF (AIRR - Free Report) is probably on radar. The fund just hit a 52-week high and is up 31% from its 52-week low price of $36.11/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
AIRR in Focus
First Trust RBA American Industrial Renaissance ETF offers exposure to small and mid-cap securities in the industrial and community banking sectors by tracking the Richard Bernstein Advisors American Industrial Renaissance Index. It is home to well-diversified 49 securities and charges 70 basis points in annual fees (see: all the Industrials ETFs here).
Why the Move?
The industrial segment of the broad market has been an area to watch lately as business conditions remain good, and demand seems solid. Growing employment in the manufacturing sector calls for strength.
More Gains Ahead?
Currently, AIRR has a Zacks ETF Rank #3 (Hold) with a High risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, many segments that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.