First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Strong Trading Volume – Should You Buy?

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) shares saw unusually-strong trading volume on Thursday. Approximately 171,118 shares changed hands during mid-day trading, an increase of 179% from the previous session’s volume of 61,260 shares. The stock last traded at $57.5310 and had previously closed at $57.72.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 3.2%

The firm has a 50-day moving average of $59.10 and a 200 day moving average of $55.63. The company has a market cap of $736.74 million, a P/E ratio of 27.26 and a beta of 1.30.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 0.9% in the first quarter. NewEdge Advisors LLC now owns 26,484 shares of the company’s stock valued at $1,222,000 after buying an additional 234 shares during the period. Bessemer Group Inc. grew its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.2% in the 1st quarter. Bessemer Group Inc. now owns 8,095 shares of the company’s stock valued at $374,000 after buying an additional 250 shares in the last quarter. Apollon Financial LLC raised its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4.2% during the 1st quarter. Apollon Financial LLC now owns 12,589 shares of the company’s stock valued at $581,000 after acquiring an additional 507 shares during the period. Allied Private Wealth LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter worth $29,000. Finally, Accel Wealth Management lifted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 10.4% during the third quarter. Accel Wealth Management now owns 5,864 shares of the company’s stock worth $347,000 after acquiring an additional 550 shares in the last quarter.

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.