11,335 Shares in First Trust Bloomberg Artificial Intelligence ETF $FAI Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new stake in First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,335 shares of the company’s stock, valued at approximately $642,000. Sowell Financial Services LLC owned approximately 0.24% of First Trust Bloomberg Artificial Intelligence ETF at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. acquired a new stake in First Trust Bloomberg Artificial Intelligence ETF during the second quarter worth $12,763,000. Bullseye Investment Management LLC acquired a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the 2nd quarter valued at $8,062,000. Kestra Advisory Services LLC raised its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 24.5% in the 1st 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 in the last quarter. Castle Rock Wealth Management LLC acquired a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter valued at $2,986,000. Finally, Centaurus Financial Inc. lifted its holdings in shares of First Trust Bloomberg Artificial Intelligence ETF by 0.7% during the 1st quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock worth $1,724,000 after acquiring an additional 333 shares during the period.

First Trust Bloomberg Artificial Intelligence ETF Stock Performance

NYSEARCA:FAI opened at $53.24 on Friday. The company has a 50-day moving average of $55.26 and a 200-day moving average of $52.05. The company has a market capitalization of $244.90 million, a price-to-earnings ratio of 33.52 and a beta of 2.11. First Trust Bloomberg Artificial Intelligence ETF has a 52 week low of $35.54 and a 52 week high of $59.21.

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.