First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Hits New 52-Week High – What’s Next?

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $60.53 and last traded at $60.53, with a volume of 23369 shares. The stock had previously closed at $59.52.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 0.9%

The stock’s 50-day moving average price is $55.74 and its 200 day moving average price is $52.83. The firm has a market capitalization of $788.88 million, a price-to-earnings ratio of 27.26 and a beta of 1.27.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Accel Wealth Management boosted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 12.8% during the 2nd quarter. Accel Wealth Management now owns 5,314 shares of the company’s stock worth $299,000 after purchasing an additional 601 shares during the last quarter. Allied Private Wealth LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter worth approximately $29,000. NewEdge Advisors LLC lifted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 0.9% during the first quarter. NewEdge Advisors LLC now owns 26,484 shares of the company’s stock worth $1,222,000 after buying an additional 234 shares in the last quarter. Bank of America Corp DE boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.3% during the first quarter. Bank of America Corp DE now owns 492,874 shares of the company’s stock worth $22,751,000 after buying an additional 61,725 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 32.4% during the first quarter. Arkadios Wealth Advisors now owns 22,082 shares of the company’s stock worth $1,019,000 after buying an additional 5,400 shares during the last quarter.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

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.