First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sets New 52-Week High – Should You Buy?

Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) hit a new 52-week high on Monday. The stock traded as high as $61.08 and last traded at $61.04, with a volume of 34260 shares trading hands. The stock had previously closed at $60.19.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

The company has a market capitalization of $800.53 million, a price-to-earnings ratio of 27.26 and a beta of 1.30. The stock’s fifty day simple moving average is $58.47 and its two-hundred day simple moving average is $54.86.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its position 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 valued at $22,751,000 after purchasing an additional 61,725 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 285,440 shares of the company’s stock worth $16,059,000 after purchasing an additional 54,416 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 107.4% during the 1st quarter. Gateway Wealth Partners LLC now owns 89,946 shares of the company’s stock valued at $4,152,000 after buying an additional 46,582 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.4% during the 1st quarter. Royal Bank of Canada now owns 225,517 shares of the company’s stock valued at $10,410,000 after buying an additional 17,495 shares during the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 1st quarter valued at approximately $519,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company 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.