First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sets New 12-Month High – Here’s Why

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $56.74 and last traded at $56.47, with a volume of 2940 shares traded. The stock had previously closed at $54.90.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

The firm’s 50-day moving average is $50.24 and its 200 day moving average is $51.47. The firm has a market capitalization of $746.05 million, a PE ratio of 27.26 and a beta of 1.24.

Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Investment Advisory Services LLC boosted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 87.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 29,493 shares of the company’s stock worth $1,530,000 after buying an additional 13,755 shares in the last quarter. Banco Santander S.A. purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter worth about $2,956,000. WealthCare Investment Partners LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth about $715,000. Rockport Wealth LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth about $9,059,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 276.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 809,743 shares of the company’s stock worth $41,999,000 after buying an additional 594,815 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.