Cetera Investment Advisers Takes $396,000 Position in First Trust Bloomberg Artificial Intelligence ETF $FAI

Cetera Investment Advisers acquired a new position in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,690 shares of the company’s stock, valued at approximately $396,000. Cetera Investment Advisers owned approximately 4.90% of First Trust Bloomberg Artificial Intelligence ETF at the end of the most recent quarter.

Separately, Kingswood Wealth Advisors LLC bought a new stake in First Trust Bloomberg Artificial Intelligence ETF in the first quarter worth $382,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Performance

Shares of NYSEARCA FAI opened at $37.48 on Tuesday. The business’s 50-day simple moving average is $35.60 and its 200-day simple moving average is $31.57. First Trust Bloomberg Artificial Intelligence ETF has a 52 week low of $22.92 and a 52 week high of $37.98. The firm has a market cap of $14.99 million and a price-to-earnings ratio of 33.52.

First Trust Bloomberg Artificial Intelligence ETF Company 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.