First Trust Bloomberg Artificial Intelligence ETF $FAI Shares Newly Bought by D.A. Davidson & CO.

D.A. Davidson & CO. bought a new stake in First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,608 shares of the company’s stock, valued at approximately $658,000. D.A. Davidson & CO. owned about 0.24% of First Trust Bloomberg Artificial Intelligence ETF at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. IFP Advisors Inc purchased a new position in First Trust Bloomberg Artificial Intelligence ETF during the second quarter valued at $665,000. Citadel Advisors LLC acquired a new stake in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter valued at $544,000. Bullseye Investment Management LLC purchased a new stake in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter worth approximately $8,062,000. Envestnet Asset Management Inc. acquired a new stake in First Trust Bloomberg Artificial Intelligence ETF in the 2nd quarter valued at about $12,763,000. Finally, RFG Advisory LLC acquired a new position in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter worth $959,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Performance

Shares of FAI stock opened at $47.65 on Friday. The company’s 50 day moving average price is $54.80 and its two-hundred day moving average price is $48.80. First Trust Bloomberg Artificial Intelligence ETF has a 52 week low of $35.54 and a 52 week high of $59.21. The company has a market capitalization of $231.10 million, a P/E ratio of 33.52 and a beta of 2.17.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

The First Trust Bloomberg Artificial Intelligence ETF (FAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies in the artificial intelligence AI industry. It comprises the top 50 securities globally by revenue and themes assessments. FAI was launched on Nov 20, 2024 and is issued by First Trust.