Iams Wealth Management LLC Acquires New Holdings in First Trust Bloomberg Artificial Intelligence ETF $FAI

Iams Wealth Management LLC acquired a new position in First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,514 shares of the company’s stock, valued at approximately $1,446,000. Iams Wealth Management LLC owned approximately 0.57% of First Trust Bloomberg Artificial Intelligence ETF at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. bought a new stake in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter valued at $12,763,000. Bullseye Investment Management LLC acquired a new position in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter worth $8,062,000. Kestra Advisory Services LLC grew its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 24.5% in the first quarter. Kestra Advisory Services LLC now owns 133,131 shares of the company’s stock worth $4,952,000 after purchasing an additional 26,211 shares in the last quarter. Castle Rock Wealth Management LLC bought a new position in shares of First Trust Bloomberg Artificial Intelligence ETF in the third quarter worth $2,986,000. Finally, Centaurus Financial Inc. grew its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 0.7% in the first quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock worth $1,724,000 after purchasing an additional 333 shares in the last quarter.

First Trust Bloomberg Artificial Intelligence ETF Stock Performance

Shares of FAI opened at $55.83 on Friday. The firm has a market capitalization of $251.24 million, a price-to-earnings ratio of 33.52 and a beta of 2.11. First Trust Bloomberg Artificial Intelligence ETF has a one year low of $35.54 and a one year high of $59.21. The stock’s fifty day moving average is $55.38 and its 200-day moving average is $51.45.

About First Trust Bloomberg Artificial Intelligence ETF

The First Trust Bloomberg Artificial Intelligence ETF (FAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies in the artificial intelligence AI industry. It comprises the top 50 securities globally by revenue and themes assessments. FAI was launched on Nov 20, 2024 and is issued by First Trust.