Park Avenue Securities LLC bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,939 shares of the company’s stock, valued at approximately $1,017,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Tucker Asset Management LLC bought a new position in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter valued at $100,000. Brookstone Capital Management acquired a new position in First Trust Bloomberg Artificial Intelligence ETF during the 3rd quarter worth $215,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 2nd quarter worth about $239,000. Apollon Wealth Management LLC bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter worth about $371,000. Finally, Atlas Private Wealth Advisors acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter valued at about $415,000.
First Trust Bloomberg Artificial Intelligence ETF Stock Performance
Shares of FAI stock opened at $50.90 on Wednesday. The stock has a market capitalization of $244.32 million, a price-to-earnings ratio of 33.52 and a beta of 2.11. First Trust Bloomberg Artificial Intelligence ETF has a one year low of $35.54 and a one year high of $59.21. The company’s 50-day simple moving average is $55.13 and its 200-day simple moving average is $48.70.
First Trust Bloomberg Artificial Intelligence ETF 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.
Further Reading
- Five stocks we like better than First Trust Bloomberg Artificial Intelligence ETF
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Want to see what other hedge funds are holding FAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Free Report).
Receive News & Ratings for First Trust Bloomberg Artificial Intelligence ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Bloomberg Artificial Intelligence ETF and related companies with MarketBeat.com's FREE daily email newsletter.
