Park Avenue Securities LLC acquired a new position in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 17,939 shares of the company’s stock, valued at approximately $1,017,000. Park Avenue Securities LLC owned about 0.38% of First Trust Bloomberg Artificial Intelligence ETF at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of FAI. Apollon Wealth Management LLC acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF during the 3rd quarter worth about $371,000. Atlas Private Wealth Advisors purchased a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter valued at about $415,000. Sowell Financial Services LLC acquired a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 3rd quarter valued at about $642,000. Brookstone Capital Management acquired a new position in First Trust Bloomberg Artificial Intelligence ETF during the third quarter worth approximately $215,000. Finally, Iams Wealth Management LLC purchased a new position in shares of First Trust Bloomberg Artificial Intelligence ETF during the third quarter worth approximately $1,446,000.
First Trust Bloomberg Artificial Intelligence ETF Stock Performance
NYSEARCA FAI opened at $50.90 on Wednesday. The firm has a market cap of $244.32 million, a PE ratio of 33.52 and a beta of 2.11. First Trust Bloomberg Artificial Intelligence ETF has a one year low of $35.54 and a one year high of $59.21. The firm’s fifty day moving average is $55.13 and its two-hundred day moving average is $48.70.
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.
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