Mutual Advisors LLC Makes New $4.34 Million Investment in First Trust Nasdaq Artificial Intelligence and Robotics ETF $ROBT

Mutual Advisors LLC bought a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) in the 3rd quarter, Holdings Channel.com reports. The firm bought 78,613 shares of the company’s stock, valued at approximately $4,335,000.

Several other hedge funds have also recently bought and sold shares of the business. Granite Bay Wealth Management LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter worth $2,943,000. Atlas Private Wealth Advisors grew its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 93.0% during the second quarter. Atlas Private Wealth Advisors now owns 61,584 shares of the company’s stock worth $2,975,000 after buying an additional 29,672 shares in the last quarter. Truist Financial Corp increased its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 17.7% in the 2nd quarter. Truist Financial Corp now owns 186,667 shares of the company’s stock valued at $9,016,000 after buying an additional 28,066 shares during the period. Benjamin Edwards Inc. raised its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 49.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 72,523 shares of the company’s stock valued at $3,503,000 after buying an additional 23,879 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 12.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 168,668 shares of the company’s stock valued at $8,147,000 after acquiring an additional 18,814 shares in the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 2.6%

NASDAQ:ROBT opened at $51.90 on Monday. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12 month low of $34.38 and a 12 month high of $56.64. The firm has a market cap of $682.49 million, a PE ratio of 27.26 and a beta of 1.23. The company’s 50-day moving average price is $53.19 and its two-hundred day moving average price is $52.52.

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.