First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Shares Gap Down – Here’s What Happened

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) gapped down prior to trading on Wednesday . The stock had previously closed at $60.26, but opened at $58.37. First Trust Nasdaq Artificial Intelligence and Robotics ETF shares last traded at $58.48, with a volume of 3,886 shares traded.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 1.6%

The company has a 50-day simple moving average of $56.94 and a 200 day simple moving average of $53.56. The company has a market cap of $775.26 million, a P/E ratio of 27.26 and a beta of 1.28.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

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

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several institutional investors have recently bought and sold shares of the business. Allied Private Wealth LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter valued at about $29,000. Farther Finance Advisors LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the fourth quarter worth $47,000. Bank of Montreal Can lifted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% during the 4th quarter. Bank of Montreal Can now owns 980 shares of the company’s stock valued at $51,000 after purchasing an additional 780 shares during the last quarter. Intesa Sanpaolo Wealth Management purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter worth $60,000. Finally, Advisory Services Network LLC acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during 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.