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

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT – Get Rating) was down 0.6% during mid-day trading on Wednesday . The company traded as low as $41.83 and last traded at $42.03. Approximately 45,938 shares changed hands during trading, a decline of 11% from the average daily 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 PE ratio of 26.15 and a beta of 1.22. The business’s 50-day moving average is $41.10 and its 200-day moving average is $41.15.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 1st quarter valued at approximately $26,000. Global Retirement Partners LLC increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 203.4% during the 3rd quarter. Global Retirement Partners LLC now owns 716 shares of the company’s stock valued at $26,000 after buying an additional 480 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter valued at about $28,000. Rockefeller Capital Management L.P. grew its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 434.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,021 shares of the company’s stock valued at $34,000 after purchasing an additional 830 shares during the last quarter. Finally, UBS Group AG grew its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2,135.0% during the 1st quarter. UBS Group AG now owns 1,341 shares of the company’s stock valued at $63,000 after purchasing an additional 1,281 shares during the last quarter.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

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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.