Iams Wealth Management LLC purchased a new position in First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,514 shares of the company’s stock, valued at approximately $1,446,000.
Several other hedge funds have also recently added to or reduced their stakes in FAI. Envestnet Asset Management Inc. bought a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the second quarter valued at $12,763,000. Bullseye Investment Management LLC acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter valued at $8,062,000. Castle Rock Wealth Management LLC bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the 3rd quarter worth $2,986,000. Kestra Advisory Services LLC boosted its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 24.5% during the 1st quarter. Kestra Advisory Services LLC now owns 133,131 shares of the company’s stock worth $4,952,000 after acquiring an additional 26,211 shares in the last quarter. Finally, RFG Advisory LLC bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter worth $959,000.
First Trust Bloomberg Artificial Intelligence ETF Stock Up 0.5%
Shares of NYSEARCA FAI opened at $55.83 on Friday. The stock has a market capitalization of $251.24 million, a price-to-earnings ratio of 33.52 and a beta of 2.11. The stock’s fifty day simple moving average is $55.38 and its 200 day simple moving average is $51.45. First Trust Bloomberg Artificial Intelligence ETF has a 52-week low of $35.54 and a 52-week high of $59.21.
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.
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