KFG Wealth Management LLC Makes New $201,000 Investment in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)

KFG Wealth Management LLC bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,414 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROBT. Envestnet Asset Management Inc. grew its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,592 shares of the company’s stock worth $359,000 after acquiring an additional 278 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 24.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 36,922 shares of the company’s stock valued at $1,745,000 after buying an additional 7,366 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 20.7% during the first quarter. HighTower Advisors LLC now owns 4,667 shares of the company’s stock valued at $220,000 after buying an additional 800 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.4% during the first quarter. Baird Financial Group Inc. now owns 5,994 shares of the company’s stock valued at $283,000 after buying an additional 359 shares during the last quarter. Finally, Mariner LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the first quarter valued at about $2,791,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

ROBT stock opened at $40.82 on Friday. The firm has a market cap of $506.17 million, a price-to-earnings ratio of 29.48 and a beta of 1.22. The firm has a 50-day simple moving average of $44.55 and a two-hundred day simple moving average of $42.92. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a one year low of $36.38 and a one year high of $47.71.

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.