First Trust RBA American Industrial RenaissanceTM ETF (AIRR)
First Trust RBA American Industrial RenaissanceTM ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $123.45, up 0.39% on the session, giving a market capitalisation of $10.73B. Its beta of 1.28 implies it has historically moved more than the broad market.
AIRR is passively managed to select large- and midcap US companies from the Russel 2500 with the following industries: Commercial Services & Supplies, Construction & Engineering, Electrical Equipment, Machinery, and Banks. Firms must also have a positive 12-months forward earnings consensus estimate to be considered in the index. AIRR excludes community banks outside traditional mid-western manufacturing hubs, like Pennsylvania, Wisconsin, Michigan, Ohio, Illinois, Indiana and Iowa. Firms with non-US sales of more than 25% are also excluded. The index is weighted using proprietary portfolio optimization method and ensures that Banks will have a 10% sector cap and issuers will not exceed a 4% weight. The Index is reconstituted and rebalanced quarterly.
First Trust RBA American Industrial RenaissanceTM ETF is most often compared with the following Financial Services names: