First Trust Nasdaq Artificial Intelligence and Robotics ETF $ROBT Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) by 276.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 809,743 shares of the company’s stock after buying an additional 594,815 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 6.16% of First Trust Nasdaq Artificial Intelligence and Robotics ETF worth $41,999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 65.2% during the third quarter. Bank of America Corp DE now owns 407,423 shares of the company’s stock worth $21,549,000 after buying an additional 160,725 shares during the period. Biltmore Family Office LLC increased its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 19.2% in the 4th quarter. Biltmore Family Office LLC now owns 173,411 shares of the company’s stock worth $8,994,000 after buying an additional 27,902 shares during the period. Ameriprise Financial Inc. increased its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 172,829 shares of the company’s stock worth $8,352,000 after buying an additional 6,731 shares during the period. Raymond James Financial Inc. increased its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 5.8% in the 3rd quarter. Raymond James Financial Inc. now owns 159,885 shares of the company’s stock worth $8,456,000 after buying an additional 8,821 shares during the period. Finally, UBS Group AG increased its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 33.2% in the 3rd quarter. UBS Group AG now owns 91,761 shares of the company’s stock worth $4,853,000 after buying an additional 22,874 shares during the period.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 0.1%

Shares of NASDAQ:ROBT opened at $53.74 on Tuesday. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a twelve month low of $43.55 and a twelve month high of $56.64. The company’s 50 day moving average is $49.66 and its 200 day moving average is $51.49. The company has a market cap of $703.99 million, a PE ratio of 27.26 and a beta of 1.24.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

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.