Envestnet Asset Management Inc. Cuts Stock Position in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)

Envestnet Asset Management Inc. trimmed its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,979 shares of the company’s stock after selling 2,188 shares during the period. Envestnet Asset Management Inc. owned about 1.35% of First Trust Nasdaq Artificial Intelligence and Robotics ETF worth $6,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ROBT. International Assets Investment Management LLC bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth approximately $563,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 126.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,265 shares of the company’s stock valued at $57,000 after acquiring an additional 707 shares in the last quarter. Brendel Financial Advisors LLC bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter valued at $654,000. Arkadios Wealth Advisors lifted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 44.6% in the 4th quarter. Arkadios Wealth Advisors now owns 9,534 shares of the company’s stock worth $429,000 after purchasing an additional 2,940 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 6.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 80,598 shares of the company’s stock valued at $3,630,000 after purchasing an additional 5,196 shares during the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 2.1 %

NASDAQ:ROBT opened at $37.42 on Tuesday. The company has a market capitalization of $383.56 million, a P/E ratio of 24.28 and a beta of 1.22. The business’s 50-day moving average is $42.16 and its 200 day moving average is $44.59. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12 month low of $34.38 and a 12 month high of $49.00.

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.