Bullseye Investment Management LLC Buys Shares of 148,191 First Trust Bloomberg Artificial Intelligence ETF $FAI

Bullseye Investment Management LLC purchased a new position in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 148,191 shares of the company’s stock, valued at approximately $8,062,000. First Trust Bloomberg Artificial Intelligence ETF comprises 4.0% of Bullseye Investment Management LLC’s investment portfolio, making the stock its 9th biggest holding. Bullseye Investment Management LLC owned about 4.70% of First Trust Bloomberg Artificial Intelligence ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FAI. RPS Advisory Solutions LLC acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the fourth quarter worth $785,000. Kestra Advisory Services LLC lifted its holdings in First Trust Bloomberg Artificial Intelligence ETF by 24.5% in the first quarter. Kestra Advisory Services LLC now owns 133,131 shares of the company’s stock valued at $4,952,000 after buying an additional 26,211 shares during the period. Harbour Investments Inc. boosted its position in First Trust Bloomberg Artificial Intelligence ETF by 49.6% during the fourth quarter. Harbour Investments Inc. now owns 2,598 shares of the company’s stock valued at $107,000 after acquiring an additional 861 shares during the last quarter. Integrity Alliance LLC. bought a new stake in First Trust Bloomberg Artificial Intelligence ETF during the fourth quarter valued at $228,000. Finally, International Assets Investment Management LLC bought a new stake in First Trust Bloomberg Artificial Intelligence ETF during the fourth quarter valued at $33,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Up 1.2%

First Trust Bloomberg Artificial Intelligence ETF stock traded up $0.63 during trading hours on Friday, reaching $54.39. 26,511 shares of the company’s stock were exchanged, compared to its average volume of 33,610. The firm’s 50 day simple moving average is $52.66 and its 200 day simple moving average is $48.36. First Trust Bloomberg Artificial Intelligence ETF has a twelve month low of $35.54 and a twelve month high of $58.27. The firm has a market capitalization of $171.33 million, a PE ratio of 33.52 and a beta of 2.13.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

The First Trust Bloomberg Artificial Intelligence ETF (FAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies in the artificial intelligence AI industry. It comprises the top 50 securities globally by revenue and themes assessments. FAI was launched on Nov 20, 2024 and is issued by First Trust.