Atria Wealth Solutions Inc. Increases Stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF
Atria Wealth Solutions Inc. has boosted its holdings in the First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) by 32.3% during the third quarter. The company purchased an additional 3,685 shares, bringing its total holdings to 15,111 shares. This increased stake is valued at approximately $612,000.
Other Significant Investors Adjust Positions in the ETF
Several other significant investors have also made adjustments to their positions in the First Trust Nasdaq Artificial Intelligence and Robotics ETF. ICA Group Wealth Management LLC and Princeton Global Asset Management LLC established new positions during the fourth and third quarters, respectively. Additionally, UBS Group AG expanded its stake by an impressive 2,135%, now owning 1,341 shares. Northwestern Mutual Wealth Management Co. also increased its holdings by 54.9% to 1,795 shares. Money Concepts Capital Corp entered the ETF during the fourth quarter.
Essential Information about the ETF
The First Trust Nasdaq Artificial Intelligence and Robotics ETF currently has a market capitalization of $506.72 million. Shares of the ETF opened at $45.65. With a P/E ratio of 26.15 and a beta of 1.22, the ETF operates with a 50-day moving average of $44.40 and a two-hundred day moving average of $42.22. It reached a fifty-two week low of $36.38 and a high of $47.71.
Quarterly Dividend Announcement
The ETF recently announced a quarterly dividend of $0.0296 per share, which was distributed on December 29th to shareholders of record as of December 26th. This indicates an annualized dividend of $0.12 and a yield of 0.26%.
Investment Strategy of the First Trust Nasdaq Artificial Intelligence and Robotics ETF
The First Trust Nasdaq Artificial Intelligence and Robotics ETF primarily invests in global companies engaged in artificial intelligence or robotics. It follows a modified equal-weighted index of all-cap stocks. The ETF was launched on February 21, 2018, and is managed by First Trust.
Analyst comment
Neutral news: Atria Wealth Solutions Inc. increased stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF. Other significant investors also adjusted their positions. The ETF has a market capitalization of $506.72 million. Analyst: The increased investments from Atria Wealth Solutions Inc. and other investors indicate potential confidence in the ETF. This could lead to increased demand for the ETF and potentially drive its market value higher in the short term.
