First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Strong Trading Volume

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw an uptick in trading volume on Wednesday . 25,083 shares were traded during trading, a decline of 71% from the previous session’s volume of 86,649 shares.The stock last traded at $41.75 and had previously closed at $41.57.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 0.1 %

The firm has a 50 day simple moving average of $44.63 and a 200-day simple moving average of $42.91. The company has a market cap of $510.63 million, a PE ratio of 29.48 and a beta of 1.22.

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 22.7% in the third quarter. LPL Financial LLC now owns 769,133 shares of the company’s stock valued at $31,158,000 after purchasing an additional 142,131 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter worth about $27,607,000. Wells Fargo & Company MN boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 351.4% in the second quarter. Wells Fargo & Company MN now owns 359,080 shares of the company’s stock worth $16,399,000 after acquiring an additional 279,524 shares in the last quarter. Raymond James & Associates boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 116.5% in the fourth quarter. Raymond James & Associates now owns 276,713 shares of the company’s stock worth $12,599,000 after acquiring an additional 148,893 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4,620.0% in the fourth quarter. Baird Financial Group Inc. now owns 242,137 shares of the company’s stock worth $11,024,000 after acquiring an additional 237,007 shares in the last quarter.

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.