Marshall Investment Management LLC Purchases New Stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF $ROBT

Marshall Investment Management LLC purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) during the 4th quarter, Holdings Channel.com reports. The fund purchased 18,856 shares of the company’s stock, valued at approximately $978,000.

Several other hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 276.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 809,743 shares of the company’s stock valued at $41,999,000 after buying an additional 594,815 shares during the period. Bank of America Corp DE raised its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 65.2% in the third quarter. Bank of America Corp DE now owns 407,423 shares of the company’s stock valued at $21,549,000 after buying an additional 160,725 shares during the period. Rockport Wealth LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at approximately $9,059,000. Biltmore Family Office LLC raised its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 19.2% in the fourth quarter. Biltmore Family Office LLC now owns 173,411 shares of the company’s stock valued at $8,994,000 after buying an additional 27,902 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 4.1% in the second quarter. Ameriprise Financial Inc. now owns 172,829 shares of the company’s stock valued at $8,352,000 after buying an additional 6,731 shares during the period.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

NASDAQ ROBT opened at $55.87 on Tuesday. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a one year low of $43.55 and a one year high of $56.64. The company’s 50 day moving average price is $50.24 and its 200 day moving average price is $51.47. The firm has a market capitalization of $731.90 million, a price-to-earnings ratio of 27.26 and a beta of 1.24.

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.