D.A. Davidson & CO. Makes New Investment in First Trust Bloomberg Artificial Intelligence ETF $FAI

D.A. Davidson & CO. acquired a new position in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 11,608 shares of the company’s stock, valued at approximately $658,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FAI. Envestnet Asset Management Inc. acquired a new stake in First Trust Bloomberg Artificial Intelligence ETF in the second quarter valued at $12,763,000. Bullseye Investment Management LLC acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the second quarter valued at approximately $8,062,000. Kestra Advisory Services LLC boosted its holdings in 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 purchasing an additional 26,211 shares during the period. Castle Rock Wealth Management LLC acquired a new position in shares of First Trust Bloomberg Artificial Intelligence ETF during the third quarter worth $2,986,000. Finally, Centaurus Financial Inc. lifted its position in First Trust Bloomberg Artificial Intelligence ETF by 0.7% in the 1st quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock valued at $1,724,000 after acquiring an additional 333 shares in the last quarter.

First Trust Bloomberg Artificial Intelligence ETF Stock Performance

Shares of FAI opened at $47.65 on Friday. First Trust Bloomberg Artificial Intelligence ETF has a fifty-two week low of $35.54 and a fifty-two week high of $59.21. The firm has a 50 day moving average price of $54.80 and a 200-day moving average price of $48.80. The firm has a market cap of $231.10 million, a price-to-earnings ratio of 33.52 and a beta of 2.17.

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.