First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Shares Down 1.2% – Here’s Why

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBTGet Free Report)’s stock price dropped 1.2% on Thursday . The company traded as low as $54.40 and last traded at $54.63. 24,662 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 72,120 shares. The stock had previously closed at $55.30.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 1.6%

The company has a market capitalization of $703.99 million, a price-to-earnings ratio of 27.26 and a beta of 1.27. The firm has a 50 day moving average price of $55.65 and a two-hundred day moving average price of $52.50.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

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

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Institutional investors have recently made changes to their positions in the business. Allied Private Wealth LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter worth approximately $29,000. Farther Finance Advisors LLC acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at $47,000. Bank of Montreal Can boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% during the 4th quarter. Bank of Montreal Can now owns 980 shares of the company’s stock valued at $51,000 after acquiring an additional 780 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter valued at $60,000. Finally, Advisory Services Network LLC acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter worth $62,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

(Get Free Report)

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.

Further Reading

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