50,690 Shares in First Trust Bloomberg Artificial Intelligence ETF $FAI Bought by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC purchased a new position in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 50,690 shares of the company’s stock, valued at approximately $2,986,000.

Other hedge funds have also added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new position in First Trust Bloomberg Artificial Intelligence ETF in the second quarter valued at approximately $100,000. Envestnet Portfolio Solutions Inc. bought a new stake in First Trust Bloomberg Artificial Intelligence ETF during the second quarter worth $239,000. Chicago Partners Investment Group LLC lifted its stake in First Trust Bloomberg Artificial Intelligence ETF by 5.5% during the first quarter. Chicago Partners Investment Group LLC now owns 12,887 shares of the company’s stock worth $479,000 after purchasing an additional 677 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 2nd quarter valued at $544,000. Finally, IFP Advisors Inc acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 2nd quarter valued at $665,000.

First Trust Bloomberg Artificial Intelligence ETF Stock Up 1.2%

Shares of FAI traded up $0.68 during midday trading on Friday, hitting $58.36. The company’s stock had a trading volume of 48,990 shares, compared to its average volume of 38,597. First Trust Bloomberg Artificial Intelligence ETF has a one year low of $35.54 and a one year high of $59.21. The stock has a market capitalization of $250.95 million, a price-to-earnings ratio of 33.52 and a beta of 2.11. The company’s fifty day simple moving average is $54.97 and its two-hundred day simple moving average is $50.77.

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.