First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Shares Gap Down – What’s Next?

Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) gapped down prior to trading on Wednesday . The stock had previously closed at $60.26, but opened at $58.37. First Trust Nasdaq Artificial Intelligence and Robotics ETF shares last traded at $58.48, with a volume of 3,886 shares traded.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

The company’s 50 day simple moving average is $56.74 and its 200 day simple moving average is $53.45. The stock has a market cap of $767.27 million, a PE ratio of 27.26 and a beta of 1.28.

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. Investors of record on Thursday, June 25th were given a dividend of $0.0094 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Nasdaq Artificial Intelligence and Robotics ETF

A number of hedge funds have recently bought and sold shares of the business. Orion Porfolio Solutions LLC boosted its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 2.6% in the fourth quarter. Orion Porfolio Solutions LLC now owns 8,372 shares of the company’s stock worth $434,000 after purchasing an additional 213 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 5.4% during the 4th quarter. HighTower Advisors LLC now owns 4,248 shares of the company’s stock worth $220,000 after purchasing an additional 219 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 0.9% in the 1st 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 last quarter. Bessemer Group Inc. boosted its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 3.2% in the 1st 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 last quarter. Finally, Comerica Bank grew its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 8.5% during the third quarter. Comerica Bank now owns 3,193 shares of the company’s stock valued at $169,000 after buying an additional 250 shares during the period.

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.