First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Reaches New 52-Week High – Should You Buy?

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $60.53 and last traded at $60.53, with a volume of 23369 shares traded. The stock had previously closed at $59.52.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Up 2.0%

The company has a market capitalization of $795.04 million, a P/E ratio of 27.26 and a beta of 1.27. The company’s 50-day simple moving average is $55.62 and its 200 day simple moving average is $52.73.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0094 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%.

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several institutional investors have recently bought and sold shares of ROBT. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 valued at $41,999,000 after purchasing an additional 594,815 shares during the period. Rockport Wealth LLC acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter valued at approximately $9,059,000. Bank of America Corp DE grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 65.2% during the 3rd quarter. Bank of America Corp DE now owns 407,423 shares of the company’s stock worth $21,549,000 after purchasing an additional 160,725 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.9% during the 4th quarter. LPL Financial LLC now owns 956,667 shares of the company’s stock worth $49,619,000 after purchasing an additional 61,896 shares in the last quarter. Finally, Gateway Wealth Partners LLC raised its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 107.4% in the first quarter. Gateway Wealth Partners LLC now owns 89,946 shares of the company’s stock valued at $4,152,000 after purchasing an additional 46,582 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.