First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Large Volume Increase – Here’s What Happened

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw strong trading volume on Thursday. 171,118 shares traded hands during mid-day trading, an increase of 179% from the previous session’s volume of 61,260 shares. The stock last traded at $57.5310 and had previously closed at $57.72.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 0.0%

The firm has a market capitalization of $756.07 million, a PE ratio of 27.26 and a beta of 1.30. The business’s 50 day simple moving average is $59.15 and its two-hundred day simple moving average is $55.54.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several large investors have recently modified their holdings of ROBT. Allied Private Wealth LLC purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter valued at $29,000. CPR Investments Inc. purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the first quarter worth about $242,000. Accel Wealth Management boosted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 12.8% in the second quarter. Accel Wealth Management now owns 5,314 shares of the company’s stock worth $299,000 after purchasing an additional 601 shares during the last quarter. Sunbelt Securities Inc. boosted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 234.8% in the first quarter. Sunbelt Securities Inc. now owns 6,317 shares of the company’s stock worth $292,000 after purchasing an additional 4,430 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.2% during the 1st quarter. Bessemer Group Inc. now owns 8,095 shares of the company’s stock valued at $374,000 after purchasing an additional 250 shares during the period.

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.