First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sets New 52-Week High – Still a Buy?

Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) hit a new 52-week high on Monday . The company traded as high as $56.98 and last traded at $56.06, with a volume of 248 shares changing hands. The stock had previously closed at $55.97.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

The company has a 50-day simple moving average of $53.21 and a 200 day simple moving average of $48.86. The company has a market capitalization of $682.88 million, a P/E ratio of 27.26 and a beta of 1.23.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ROBT. Granite Bay Wealth Management LLC bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter worth approximately $2,943,000. Arkadios Wealth Advisors grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 485.5% during the 1st quarter. Arkadios Wealth Advisors now owns 55,821 shares of the company’s stock worth $2,270,000 after purchasing an additional 46,287 shares in the last quarter. Atlas Private Wealth Advisors grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 93.0% during the 2nd quarter. Atlas Private Wealth Advisors now owns 61,584 shares of the company’s stock worth $2,975,000 after purchasing an additional 29,672 shares in the last quarter. Truist Financial Corp grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 17.7% during the 2nd quarter. Truist Financial Corp now owns 186,667 shares of the company’s stock worth $9,016,000 after purchasing an additional 28,066 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 49.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 72,523 shares of the company’s stock worth $3,503,000 after purchasing an additional 23,879 shares in the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

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.