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

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBTGet Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $56.74 and last traded at $56.47, with a volume of 2940 shares trading hands. The stock had previously closed at $54.90.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

The stock has a 50 day moving average of $50.58 and a two-hundred day moving average of $51.52. The stock has a market capitalization of $734.91 million, a PE ratio of 27.26 and a beta of 1.24.

Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several institutional investors have recently made changes to their positions in ROBT. Root Financial Partners LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter worth approximately $42,000. Farther Finance Advisors LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter valued at approximately $47,000. Bank of Montreal Can increased its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% in the 4th quarter. Bank of Montreal Can now owns 980 shares of the company’s stock valued at $51,000 after purchasing an additional 780 shares in the last quarter. Finally, Intesa Sanpaolo Wealth Management acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth $60,000.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

(Get Free Report)

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.

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