Kovack Advisors Inc. Sells 373 Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)

Kovack Advisors Inc. trimmed its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) by 5.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,956 shares of the company’s stock after selling 373 shares during the quarter. Kovack Advisors Inc. owned about 0.06% of First Trust Nasdaq Artificial Intelligence and Robotics ETF worth $261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proactive Wealth Strategies LLC acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter valued at about $256,000. Apollon Financial LLC acquired a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter valued at approximately $393,000. Peterson Wealth Advisors LLC bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter worth approximately $212,000. Arkadios Wealth Advisors lifted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 35.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 6,594 shares of the company’s stock worth $289,000 after buying an additional 1,733 shares in the last quarter. Finally, Values First Advisors Inc. bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter valued at $43,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 1.5 %

ROBT stock opened at $44.80 on Friday. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a twelve month low of $36.91 and a twelve month high of $47.64. The company has a market cap of $445.76 million, a P/E ratio of 29.47 and a beta of 1.22. The business has a fifty day moving average of $43.72 and a 200-day moving average of $42.89.

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.