Redhawk Wealth Advisors Inc. Makes New $630,000 Investment in First Trust Bloomberg Artificial Intelligence ETF $FAI

Redhawk Wealth Advisors Inc. acquired a new stake in First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,956 shares of the company’s stock, valued at approximately $630,000. Redhawk Wealth Advisors Inc. owned approximately 2.45% of First Trust Bloomberg Artificial Intelligence ETF at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Osaic Holdings Inc. grew its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 517.3% during the second quarter. Osaic Holdings Inc. now owns 10,907 shares of the company’s stock valued at $384,000 after purchasing an additional 9,140 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in First Trust Bloomberg Artificial Intelligence ETF by 392.5% during the 2nd quarter. Centaurus Financial Inc. now owns 50,113 shares of the company’s stock worth $1,765,000 after buying an additional 39,937 shares in the last quarter. Cetera Investment Advisers boosted its position in First Trust Bloomberg Artificial Intelligence ETF by 28.4% in the 2nd quarter. Cetera Investment Advisers now owns 18,865 shares of the company’s stock valued at $665,000 after buying an additional 4,175 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 8.5% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 15,370 shares of the company’s stock valued at $541,000 after buying an additional 1,204 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the first quarter worth $709,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Up 2.1%

First Trust Bloomberg Artificial Intelligence ETF stock opened at $40.78 on Friday. The business’s 50-day simple moving average is $41.31 and its 200 day simple moving average is $38.29. The stock has a market cap of $28.55 million, a price-to-earnings ratio of 33.52 and a beta of 2.01. First Trust Bloomberg Artificial Intelligence ETF has a 12-month low of $22.92 and a 12-month high of $44.03.

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. FAI was launched on Nov 20, 2024 and is issued by First Trust.