Northwestern Mutual Wealth Management Co. Acquires 25,611 Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)

Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) by 13.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,664 shares of the company’s stock after buying an additional 25,611 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 1.92% of First Trust Nasdaq Artificial Intelligence and Robotics ETF worth $9,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Adirondack Trust Co. bought a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the second quarter valued at $49,000. North Star Investment Management Corp. purchased a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF during the first quarter valued at approximately $70,000. Ashton Thomas Private Wealth LLC purchased a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF during the 2nd quarter valued at about $80,000. Sunbelt Securities Inc. increased its stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 15.4% during the first quarter. Sunbelt Securities Inc. now owns 2,137 shares of the company’s stock valued at $97,000 after buying an additional 285 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.0% in the second quarter. 1832 Asset Management L.P. now owns 2,217 shares of the company’s stock worth $94,000 after buying an additional 414 shares in the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

First Trust Nasdaq Artificial Intelligence and Robotics ETF stock opened at $43.11 on Wednesday. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a fifty-two week low of $36.38 and a fifty-two week high of $46.79. The stock’s 50 day simple moving average is $41.80 and its two-hundred day simple moving average is $42.68. The stock has a market cap of $446.19 million, a price-to-earnings ratio of 29.47 and a beta of 1.22.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

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.