First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sets New 12-Month High – Should You Buy?

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) shares reached a new 52-week high on Friday . The company traded as high as $49.00 and last traded at $48.72, with a volume of 12091 shares traded. The stock had previously closed at $48.44.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

The company has a market cap of $502.80 million, a P/E ratio of 29.47 and a beta of 1.22. The stock has a fifty day moving average price of $46.54 and a two-hundred day moving average price of $44.57.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.223 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

Several institutional investors and hedge funds have recently made changes to their positions in ROBT. Level Four Advisory Services LLC grew its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 7.3% in the 4th quarter. Level Four Advisory Services LLC now owns 6,752 shares of the company’s stock worth $304,000 after purchasing an additional 459 shares in the last quarter. Kovack Advisors Inc. grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.2% in the fourth quarter. Kovack Advisors Inc. now owns 6,442 shares of the company’s stock valued at $290,000 after acquiring an additional 486 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.5% during the fourth quarter. NewEdge Advisors LLC now owns 23,360 shares of the company’s stock valued at $1,052,000 after acquiring an additional 561 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 126.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,265 shares of the company’s stock worth $57,000 after acquiring an additional 707 shares during the period. Finally, Private Advisor Group LLC boosted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 16.6% in the fourth quarter. Private Advisor Group LLC now owns 5,750 shares of the company’s stock worth $259,000 after purchasing an additional 817 shares during the last quarter.

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.