First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Unusually-High Trading Volume

Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) saw strong trading volume on Monday . 64,248 shares changed hands during trading, a decline of 13% from the previous session’s volume of 73,768 shares.The stock last traded at $43.24 and had previously closed at $42.78.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Up 1.4 %

The company has a fifty day simple moving average of $42.96 and a two-hundred day simple moving average of $43.67. The stock has a market capitalization of $522.97 million, a P/E ratio of 29.47 and a beta of 1.22.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.0844 dividend. This represents a $0.34 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 116.5% during the fourth quarter. Raymond James & Associates now owns 276,713 shares of the company’s stock worth $12,599,000 after buying an additional 148,893 shares during the last quarter. Gradient Investments LLC increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 126.0% during the fourth quarter. Gradient Investments LLC now owns 17,080 shares of the company’s stock worth $778,000 after buying an additional 9,523 shares during the last quarter. American Institute for Advanced Investment Management LLP increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 18.1% during the fourth quarter. American Institute for Advanced Investment Management LLP now owns 12,856 shares of the company’s stock worth $585,000 after buying an additional 1,970 shares during the last quarter. International Assets Investment Management LLC acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth approximately $27,607,000. Finally, Arkadios Wealth Advisors acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth approximately $203,000.

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.