First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Trading Down 0.6%

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT – Get Rating)’s stock price fell 0.6% during mid-day trading on Wednesday . The company traded as low as $41.83 and last traded at $42.03. 45,938 shares were traded during trading, a decline of 11% from the average session volume of 51,606 shares. The stock had previously closed at $42.29.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

The company has a market capitalization of $251.28 million, a P/E ratio of 26.15 and a beta of 1.22. The business has a 50 day moving average of $41.10 and a 200-day moving average of $41.15.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were paid a dividend of $0.011 per share. The ex-dividend date of this dividend was Friday, March 24th. This represents a $0.04 annualized dividend and a yield of 0.10%.

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

Several hedge funds have recently bought and sold shares of ROBT. Main Management ETF Advisors LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the first quarter valued at approximately $8,702,000. Jane Street Group LLC boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 147.4% during the fourth quarter. Jane Street Group LLC now owns 147,571 shares of the company’s stock valued at $5,271,000 after buying an additional 87,932 shares during the period. Flow Traders U.S. LLC bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the first quarter valued at $3,217,000. LPL Financial LLC boosted its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 28.2% during the first quarter. LPL Financial LLC now owns 331,916 shares of the company’s stock valued at $14,150,000 after buying an additional 73,080 shares during the period. Finally, Private Advisor Group LLC bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the first quarter valued at $2,974,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

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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.