Cetera Investment Advisers Increases Holdings Significantly
Cetera Investment Advisers has reported a substantial increase in its holdings of the First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), boosting its shares by an impressive 1,115.3% in the first quarter. According to the company’s latest Form 13F filing with the Securities & Exchange Commission, Cetera now owns 80,389 shares of this ETF, valued at $3,637,000. This represents approximately 0.64% of the entire fund.
Other Institutional Investors Follow Suit
Several other institutional investors have also either increased or decreased their stakes in the ETF. For instance, New England Capital Financial Advisors LLC raised its holdings by 90.0% in the 4th quarter, owning 741 shares worth $34,000. Meanwhile, North Star Investment Management Corp. acquired a new stake valued at $70,000 in the first quarter.
Sunbelt Securities Inc. increased their holdings by 15.4%, resulting in 2,137 shares valued at $97,000. Similarly, CWM LLC boosted its stake by 151.0% in the 4th quarter, now holding 3,097 shares worth $141,000. Concourse Financial Group Securities Inc. also made a notable increase of 1,038.2%, bringing their total to 3,130 shares valued at $143,000.
Stock Performance and Market Metrics
On Friday, the stock for First Trust Nasdaq Artificial Intelligence and Robotics ETF saw a slight decline, trading down by $0.05 to $40.03. This is compared to the ETF's average trading volume of 76,938 shares. The ETF has a market cap of $458.34 million, a price-to-earnings ratio of 29.47, and a beta of 1.22, indicating its volatility compared to the overall market. The fund’s 52-week range is between $36.38 and $46.79, with a 50-day moving average of $42.31 and a 200-day moving average of $43.41.
Dividend Announcement
The ETF announced a quarterly dividend that was paid on June 28th, with stockholders of record on June 27th receiving a $0.0844 dividend. This amounts to a yearly dividend of $0.34 with a dividend yield of 0.84%.
About First Trust Nasdaq AI and Robotics ETF
The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that primarily invests in stocks of companies involved in artificial intelligence or robotics. This ETF tracks a modified equal-weighted index of global companies of all sizes. Launched on Feb 21, 2018, it is actively managed by First Trust.
