First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Reaches New 1-Year High – Here’s What Happened

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)’s share price hit a new 52-week high on Thursday . The stock traded as high as $60.53 and last traded at $60.53, with a volume of 23369 shares trading hands. The stock had previously closed at $59.52.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 2.0%

The company has a 50 day moving average of $55.62 and a 200 day moving average of $52.73. The firm has a market cap of $795.04 million, a price-to-earnings ratio of 27.26 and a beta of 1.27.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.0094 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Allied Private Wealth LLC bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the second quarter valued at $29,000. Farther Finance Advisors LLC bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter valued at about $47,000. Bank of Montreal Can grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% in the 4th quarter. Bank of Montreal Can now owns 980 shares of the company’s stock valued at $51,000 after acquiring an additional 780 shares in the last quarter. Intesa Sanpaolo Wealth Management bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at $60,000. Finally, Advisory Services Network LLC acquired a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter valued at about $62,000.

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.