Aurora Private Wealth Inc., an investment firm, has recently acquired a new stake in the First Trust Nasdaq Artificial Intelligence and Robotics ETF. According to their recent filing with the Securities & Exchange Commission, Aurora Private Wealth purchased 5,215 shares of the company’s stock, with an estimated value of $238,000.
This acquisition represents approximately 0.06% of the total stake in the First Trust Nasdaq Artificial Intelligence and Robotics ETF for Aurora Private Wealth. Other hedge funds and institutional investors have also made changes to their positions in the company. Raleigh Capital Management Inc. acquired a position in the ETF during the first quarter with a value of $26,000. Similarly, ICA Group Wealth Management LLC acquired a position worth $28,000 during the fourth quarter.
UBS Group AG and Northwestern Mutual Wealth Management Co. experienced significant increases in their holdings of the ETF, with UBS Group AG owning 1,341 shares worth $63,000 and Northwestern Mutual Wealth Management now owning 1,795 shares worth $64,000. Gradient Investments LLC also acquired a new position in the ETF, worth $82,000.
The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that primarily invests in stocks related to artificial intelligence and robotics. It tracks a modified equal-weighted index of global companies involved in these sectors. ROBT was launched in February 2018 and is managed by First Trust.
On Friday, shares of ROBT opened at $40.51, with a market cap of $374.72 million. The ETF has a price-to-earnings ratio of 26.15 and a beta of 1.22. Its 1-year low is $32.00, and its 1-year high is $47.71. The fifty-day simple moving average is $42.77, while the 200-day simple moving average is $42.96.
This article was generated using narrative science technology and financial data from MarketBeat, reviewed by MarketBeat’s editorial team.
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2023-10-01 19:14:31
#Investment #Firm #Aurora #Private #Wealth #Acquires #Stake #Trust #Nasdaq #Artificial #Intelligence #Robotics #ETF
