Avestar Capital LLC Makes New Investment in First Trust Nasdaq Artificial Intelligence and Robotics ETF $ROBT

Avestar Capital LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 37,400 shares of the company’s stock, valued at approximately $1,978,000.

Other hedge funds have also bought and sold shares of the company. Granite Bay Wealth Management LLC purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter worth about $2,943,000. D.A. Davidson & CO. purchased a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter valued at approximately $208,000. Prospera Financial Services Inc bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter valued at approximately $209,000. Biltmore Family Office LLC raised its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.1% in the second quarter. Biltmore Family Office LLC now owns 145,581 shares of the company’s stock worth $7,032,000 after buying an additional 10,966 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 15.6% during the 2nd quarter. Cetera Investment Advisers now owns 57,577 shares of the company’s stock worth $2,781,000 after acquiring an additional 7,756 shares during the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 0.8%

NASDAQ:ROBT opened at $50.71 on Thursday. The company has a market cap of $669.37 million, a price-to-earnings ratio of 27.26 and a beta of 1.23. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a twelve month low of $34.38 and a twelve month high of $56.64. The stock has a fifty day simple moving average of $52.79 and a 200-day simple moving average of $52.57.

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.