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 strong trading volume on Wednesday . 25,083 shares changed hands during mid-day 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 Trading Down 0.1 %

The firm has a 50 day moving average price of $44.63 and a 200-day moving average price of $42.91. The firm 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New England Capital Financial Advisors LLC boosted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 90.0% in the 4th quarter. New England Capital Financial Advisors LLC now owns 741 shares of the company’s stock valued at $34,000 after buying an additional 351 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter worth about $28,000. Creative Planning acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter worth about $35,000. Princeton Global Asset Management LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter worth about $49,000. Finally, UBS Group AG raised its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2,135.0% during the 1st quarter. UBS Group AG now owns 1,341 shares of the company’s stock worth $63,000 after acquiring an additional 1,281 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.