Kestra Advisory Services LLC Grows Stock Position in First Trust Bloomberg Artificial Intelligence ETF $FAI

Kestra Advisory Services LLC increased its stake in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) by 24.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,131 shares of the company’s stock after purchasing an additional 26,211 shares during the quarter. Kestra Advisory Services LLC owned 12.68% of First Trust Bloomberg Artificial Intelligence ETF worth $4,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in First Trust Bloomberg Artificial Intelligence ETF in the 1st quarter valued at $709,000. Cetera Investment Advisers lifted its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 28.4% in the 2nd quarter. Cetera Investment Advisers now owns 18,865 shares of the company’s stock worth $665,000 after acquiring an additional 4,175 shares during the period. Osaic Holdings Inc. lifted its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 517.3% in the 2nd quarter. Osaic Holdings Inc. now owns 10,907 shares of the company’s stock worth $384,000 after acquiring an additional 9,140 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the third quarter valued at about $219,000. Finally, Advisory Services Network LLC purchased a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the third quarter valued at about $88,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Down 0.9%

Shares of First Trust Bloomberg Artificial Intelligence ETF stock opened at $51.92 on Thursday. The firm has a market cap of $160.95 million, a price-to-earnings ratio of 33.52 and a beta of 2.08. First Trust Bloomberg Artificial Intelligence ETF has a 52-week low of $35.54 and a 52-week high of $58.27. The company’s 50-day simple moving average is $52.63 and its 200-day simple moving average is $44.97.

First Trust Bloomberg Artificial Intelligence ETF Company Profile

The First Trust Bloomberg Artificial Intelligence ETF (FAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies in the artificial intelligence AI industry. It comprises the top 50 securities globally by revenue and themes assessments. FAI was launched on Nov 20, 2024 and is issued by First Trust.