AIRR — First Trust RBA American Industrial RenaissanceTM ETF
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.
Company profile
- Sector: Financial Services
- Industry: Asset Management
- Country: US
- Exchange: NASDAQ
- Employees: 107
- Website: https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=AIRR
Latest AIRR news
- — Should You Invest in the First Trust Industrials/Producer Durables AlphaDEX ETF (FXR)? (Zacks Investment Research)
- — Should You Invest in the Invesco Dorsey Wright Industrials Momentum ETF (PRN)? (Zacks Investment Research)
- — Should You Invest in the First Trust RBA American Industrial Renaissance ETF (AIRR)? (Zacks Investment Research)
- — Should You Invest in the Fidelity MSCI Industrials Index ETF (FIDU)? (Zacks Investment Research)
- — Should You Invest in the Invesco S&P 500 Equal Weight Industrials ETF (RSPN)? (Zacks Investment Research)
- — Is First Trust RBA American Industrial Renaissance ETF (AIRR) a Strong ETF Right Now? (zacks.com)
Educational tool only — not investment advice.