UBS Group AG cut its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT – Free Report) by 20.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,022 shares of the company’s stock after selling 18,739 shares during the quarter. UBS Group AG owned approximately 0.56% of First Trust Nasdaq Artificial Intelligence and Robotics ETF worth $3,787,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the third quarter worth about $28,000. Hazlett Burt & Watson Inc. bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter worth about $42,000. Farther Finance Advisors LLC bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter worth about $47,000. Advisory Services Network LLC bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter worth about $62,000. Finally, Activest Wealth Management bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter worth about $69,000.
First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance
Shares of ROBT stock opened at $55.87 on Friday. The firm has a market cap of $731.90 million, a price-to-earnings ratio of 27.26 and a beta of 1.24. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 52 week low of $43.55 and a 52 week high of $56.64. The firm’s 50-day simple moving average is $50.09 and its two-hundred day simple moving average is $51.49.
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.
Further Reading
- Five stocks we like better than First Trust Nasdaq Artificial Intelligence and Robotics ETF
- Workday Validates AI Flywheel: Stock Price Recovery Begins
- HubSpot at 2019 Levels Is an Opportunity—Not a Warning
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
Want to see what other hedge funds are holding ROBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT – Free Report).
Receive News & Ratings for First Trust Nasdaq Artificial Intelligence and Robotics ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Nasdaq Artificial Intelligence and Robotics ETF and related companies with MarketBeat.com's FREE daily email newsletter.
