Royal Bank of Canada Grows Position in First Trust Nasdaq Artificial Intelligence and Robotics ETF $ROBT

Royal Bank of Canada raised its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) by 8.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 225,517 shares of the company’s stock after purchasing an additional 17,495 shares during the period. Royal Bank of Canada’s holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF were worth $10,410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LPL Financial LLC lifted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.9% during the 4th quarter. LPL Financial LLC now owns 956,667 shares of the company’s stock valued at $49,619,000 after buying an additional 61,896 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 276.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 809,743 shares of the company’s stock worth $41,999,000 after acquiring an additional 594,815 shares in the last quarter. Bank of America Corp DE increased its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 65.2% in the 3rd quarter. Bank of America Corp DE now owns 407,423 shares of the company’s stock worth $21,549,000 after acquiring an additional 160,725 shares in the last quarter. Wells Fargo & Company MN raised its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 378,459 shares of the company’s stock worth $19,629,000 after acquiring an additional 38,641 shares during the period. Finally, Rockport Wealth LLC bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter worth approximately $9,059,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

Shares of NASDAQ:ROBT opened at $59.09 on Friday. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 1-year low of $44.01 and a 1-year high of $60.44. The company has a market capitalization of $774.08 million, a P/E ratio of 27.26 and a beta of 1.27. The firm’s 50 day simple moving average is $55.64 and its two-hundred day simple moving average is $52.62.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0094 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, June 25th.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Profile

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.