11,335 Shares in First Trust Bloomberg Artificial Intelligence ETF $FAI Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) in the third quarter, Holdings Channel.com reports. The fund purchased 11,335 shares of the company’s stock, valued at approximately $642,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FAI. Centaurus Financial Inc. raised its position in First Trust Bloomberg Artificial Intelligence ETF by 0.7% in the 1st quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock valued at $1,724,000 after purchasing an additional 333 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in First Trust Bloomberg Artificial Intelligence ETF by 5.5% in the first quarter. Chicago Partners Investment Group LLC now owns 12,887 shares of the company’s stock worth $479,000 after purchasing an additional 677 shares in the last quarter. Tucker Asset Management LLC acquired a new position in First Trust Bloomberg Artificial Intelligence ETF in the second quarter worth $100,000. Cetera Investment Advisers grew its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 8.6% during the first quarter. Cetera Investment Advisers now owns 28,224 shares of the company’s stock worth $1,050,000 after purchasing an additional 2,238 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the second quarter worth $239,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Performance

Shares of NYSEARCA:FAI opened at $53.24 on Friday. First Trust Bloomberg Artificial Intelligence ETF has a twelve month low of $35.54 and a twelve month high of $59.21. The firm has a market cap of $244.90 million, a PE ratio of 33.52 and a beta of 2.11. The business has a fifty day moving average of $55.26 and a 200-day moving average of $52.05.

First Trust Bloomberg Artificial Intelligence ETF Company 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.