First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Strong Trading Volume – Should You Buy?

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw an uptick in trading volume on Thursday. Approximately 171,118 shares were traded during trading, an increase of 179% from the previous session’s volume of 61,260 shares. The stock last traded at $57.5310 and had previously closed at $57.72.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

The company has a market cap of $756.07 million, a P/E ratio of 27.26 and a beta of 1.30. The company’s 50-day moving average is $59.15 and its two-hundred day moving average is $55.54.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several institutional investors have recently added to or reduced their stakes in ROBT. Allied Private Wealth LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 2nd quarter worth about $29,000. CPR Investments Inc. purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 1st quarter valued at about $242,000. Sunbelt Securities Inc. boosted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 234.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,317 shares of the company’s stock valued at $292,000 after acquiring an additional 4,430 shares during the last quarter. Accel Wealth Management grew its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 12.8% in the second quarter. Accel Wealth Management now owns 5,314 shares of the company’s stock worth $299,000 after acquiring an additional 601 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.2% in the first quarter. Bessemer Group Inc. now owns 8,095 shares of the company’s stock worth $374,000 after acquiring an additional 250 shares during the period.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified equal-weighted index of all-cap, global companies involved in artificial intelligence or robotics. ROBT was launched on Feb 21, 2018 and is managed by First Trust.