Sargent Investment Group LLC Cuts Position in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)

Sargent Investment Group LLC cut its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) by 7.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 41,200 shares of the company’s stock after selling 3,255 shares during the quarter. Sargent Investment Group LLC’s holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF were worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. LPL Financial LLC grew its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.3% during the second quarter. LPL Financial LLC now owns 761,860 shares of the company’s stock valued at $32,257,000 after purchasing an additional 24,312 shares during the period. Main Management ETF Advisors LLC lifted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 0.8% during the 2nd quarter. Main Management ETF Advisors LLC now owns 276,190 shares of the company’s stock valued at $11,694,000 after buying an additional 2,130 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 13.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 219,664 shares of the company’s stock worth $9,301,000 after acquiring an additional 25,611 shares in the last quarter. Osaic Holdings Inc. boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.5% in the 1st quarter. Osaic Holdings Inc. now owns 160,443 shares of the company’s stock worth $7,259,000 after purchasing an additional 9,774 shares during the period. Finally, Truist Financial Corp grew its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 7.1% during the second quarter. Truist Financial Corp now owns 146,798 shares of the company’s stock valued at $6,215,000 after acquiring an additional 9,723 shares in the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

ROBT traded down $0.60 during trading on Thursday, reaching $45.98. The stock had a trading volume of 10,218 shares, compared to its average volume of 70,292. The business has a 50-day moving average of $43.54 and a 200-day moving average of $42.86. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a one year low of $36.91 and a one year high of $47.64. The stock has a market cap of $457.50 million, a PE ratio of 29.47 and a beta of 1.22.

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.