First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $54.48 and traded as high as $54.94. First Trust Nasdaq Artificial Intelligence and Robotics ETF shares last traded at $54.76, with a volume of 63,356 shares changing hands.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

The stock’s 50-day simple moving average is $57.91 and its 200-day simple moving average is $54.49. The firm has a market capitalization of $715.75 million, a PE ratio of 25.58 and a beta of 1.32.

Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

A number of large investors have recently modified their holdings of the stock. International Assets Investment Management LLC increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 1.5% during the third quarter. International Assets Investment Management LLC now owns 13,968 shares of the company’s stock valued at $833,000 after buying an additional 200 shares during the period. NewEdge Advisors LLC lifted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 0.9% in the first quarter. NewEdge Advisors LLC now owns 26,484 shares of the company’s stock worth $1,222,000 after buying an additional 234 shares during the period. SBI Securities Co. Ltd. lifted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 24.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,192 shares of the company’s stock worth $71,000 after buying an additional 235 shares during the period. Bessemer Group Inc. lifted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.2% in the first quarter. Bessemer Group Inc. now owns 8,095 shares of the company’s stock worth $374,000 after buying an additional 250 shares during the period. Finally, Root Financial Partners LLC bought a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter valued at approximately $25,000.

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.