Northwestern Mutual Wealth Management Co. Decreases Stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF $ROBT

Northwestern Mutual Wealth Management Co. cut its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,055 shares of the company’s stock after selling 20,527 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 2.39% of First Trust Nasdaq Artificial Intelligence and Robotics ETF worth $12,319,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. D.A. Davidson & CO. purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 2nd quarter worth approximately $208,000. Cetera Investment Advisers increased its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 19.0% in the first quarter. Cetera Investment Advisers now owns 49,821 shares of the company’s stock valued at $2,026,000 after purchasing an additional 7,965 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 29.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,202 shares of the company’s stock worth $58,000 after buying an additional 270 shares in the last quarter. Apollon Financial LLC boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 25.3% during the second quarter. Apollon Financial LLC now owns 10,986 shares of the company’s stock worth $531,000 after buying an additional 2,221 shares during the last quarter. Finally, EWG Elevate Inc. purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 2nd quarter valued at $369,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Down 0.8%

Shares of ROBT opened at $51.55 on Tuesday. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 52-week low of $34.38 and a 52-week high of $56.64. The stock has a fifty day simple moving average of $53.53 and a two-hundred day simple moving average of $50.38. The company has a market capitalization of $631.49 million, a PE ratio of 27.26 and a beta of 1.23.

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.