148,191 Shares in First Trust Bloomberg Artificial Intelligence ETF $FAI Purchased by Bullseye Investment Management LLC

Bullseye Investment Management LLC purchased a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 148,191 shares of the company’s stock, valued at approximately $8,062,000. First Trust Bloomberg Artificial Intelligence ETF comprises 4.0% of Bullseye Investment Management LLC’s investment portfolio, making the stock its 9th largest position.

A number of other hedge funds have also added to or reduced their stakes in FAI. Jane Street Group LLC purchased a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the first quarter worth approximately $709,000. Cetera Investment Advisers boosted its position in shares of First Trust Bloomberg Artificial Intelligence ETF by 28.4% during the second quarter. Cetera Investment Advisers now owns 18,865 shares of the company’s stock valued at $665,000 after buying an additional 4,175 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of First Trust Bloomberg Artificial Intelligence ETF by 517.3% during the second quarter. Osaic Holdings Inc. now owns 10,907 shares of the company’s stock valued at $384,000 after buying an additional 9,140 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in First Trust Bloomberg Artificial Intelligence ETF during the third quarter worth $219,000. Finally, Advisory Services Network LLC bought a new stake in First Trust Bloomberg Artificial Intelligence ETF during the third quarter worth $88,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Up 1.2%

NYSEARCA FAI traded up $0.63 on Friday, reaching $54.39. The company had a trading volume of 26,511 shares, compared to its average volume of 33,610. The company’s fifty day moving average is $52.66 and its 200 day moving average is $48.36. First Trust Bloomberg Artificial Intelligence ETF has a 52-week low of $35.54 and a 52-week high of $58.27. The stock has a market capitalization of $171.33 million, a P/E ratio of 33.52 and a beta of 2.13.

First Trust Bloomberg Artificial Intelligence ETF Profile

The First Trust Bloomberg Artificial Intelligence ETF (FAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies in the artificial intelligence AI industry. It comprises the top 50 securities globally by revenue and themes assessments. FAI was launched on Nov 20, 2024 and is issued by First Trust.