Royal Bank of Canada Grows Stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF $ROBT

Royal Bank of Canada increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,517 shares of the company’s stock after acquiring an additional 17,495 shares during the period. Royal Bank of Canada owned about 1.72% of First Trust Nasdaq Artificial Intelligence and Robotics ETF worth $10,410,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ROBT. Farther Finance Advisors LLC bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at about $47,000. Bank of Montreal Can increased its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% during the 4th quarter. Bank of Montreal Can now owns 980 shares of the company’s stock valued at $51,000 after purchasing an additional 780 shares during the last quarter. Intesa Sanpaolo Wealth Management purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 4th quarter valued at about $60,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 3rd quarter valued at about $62,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 14.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,145 shares of the company’s stock worth $163,000 after purchasing an additional 400 shares during the period.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Trading Up 2.6%

ROBT opened at $59.09 on Friday. The company has a market cap of $774.08 million, a price-to-earnings ratio of 27.26 and a beta of 1.27. The company’s 50 day moving average is $55.64 and its 200 day moving average is $52.62. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12-month low of $44.01 and a 12-month high of $60.44.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given 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%.

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.