First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Stock Price Down 1.2% – Time to Sell?

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)’s stock price dropped 1.2% on Thursday . The company traded as low as $54.40 and last traded at $54.63. 24,662 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 72,120 shares. The stock had previously closed at $55.30.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Down 1.2%

The firm has a market cap of $715.65 million, a P/E ratio of 27.26 and a beta of 1.27. The firm’s 50 day moving average is $55.68 and its two-hundred day moving average is $52.49.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.0094 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.04 annualized dividend and a yield of 0.1%.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Accel Wealth Management increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 12.8% in the 2nd quarter. Accel Wealth Management now owns 5,314 shares of the company’s stock valued at $299,000 after buying an additional 601 shares in the last quarter. Allied Private Wealth LLC bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter worth about $29,000. NewEdge Advisors LLC lifted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 0.9% during the first quarter. NewEdge Advisors LLC now owns 26,484 shares of the company’s stock worth $1,222,000 after acquiring an additional 234 shares in the last quarter. Bank of America Corp DE grew its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.3% in the first quarter. Bank of America Corp DE now owns 492,874 shares of the company’s stock valued at $22,751,000 after acquiring an additional 61,725 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 32.4% in the first quarter. Arkadios Wealth Advisors now owns 22,082 shares of the company’s stock valued at $1,019,000 after acquiring an additional 5,400 shares during the period.

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.