Despite the ongoing economic uncertainty brought about by the pandemic, First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) remains a promising investment for discerning investors looking to diversify their portfolios. However, as reported in the most recent disclosure with the Securities and Exchange Commission, Commonwealth Equity Services LLC has reduced its holdings in shares of ROBT by 11.9% in the 4th quarter. This move was authorized after selling 2,403 shares during the said period, resulting from its observation of the company’s latest performance indicator.
According to sources, as of date, Commonwealth Equity Services LLC owned approximately 0.37% of First Trust Nasdaq Artificial Intelligence and Robotics ETF worth $636,000 at the end of its most recent reporting period. However, one need not fret over whether or not this reduction is a signal to avoid investing in ROBT. Instead, it may be helpful to consider HoldingsChannel.com for a broader view of other hedge funds currently holding ROBT shares through its latest 13F filings and insider trades.
Moreover, with the announcement of a quarterly dividend last March 31st paid out to shareholders on record as of March 27th amounting to $0.011 per share with an ex-dividend date set on March 24th; an annualized dividend payout amounting to $0.04 can be expected from investing in ROBT shares equating to an approximate yield of about 0.10%. Overall, despite reducing holdings on behalf of Commonwealth Equity Services LLC for now should not discourage investors from venturing into First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT). It might still serve as a reliable source of value composed mainly of companies focused on innovation and future growth potential that continues advancing technology – such as artificial intelligence (AI) and robotics. Consequently, investing wisely is always crucial before deciding where to place one’s hard-earned money.
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) Sees Increase in Hedge Fund and Institutional Investors’ Positions
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) has been making waves in the investment world as more hedge funds and institutional investors are making changes to their positions within the company. As of the fourth quarter, Benjamin F. Edwards & Company Inc., Biltmore Family Office LLC, Atria Investments Inc, AE Wealth Management LLC and Mayflower Financial Advisors LLC have all made significant strides with their shares of ROBT.
Benjamin F. Edwards & Company Inc.’s position increased by 2.8% which now puts them at 74,921 shares, worth $2,676,000 after buying an additional 2,040 shares during the period. Meanwhile, Biltmore Family Office LLC’s position increased by 165.9%, leaving them with 42,884 shares valued at $1,532,000 after buying an additional 26,756 shares.
As for Atria Investments Inc., they boosted their position by a modest 1.5%, bringing them to a share total of 52,426 worth $1,873,000 after adding another 758 shares over the previous quarter.
AE Wealth Management also acquired a new position in ROBT during the fourth quarter with an estimated value of roughly $208k while Mayflower Financial Advisors acquired its own new position worth approximately $201k.
Shares of NASDAQ ROBT opened at $42.54 on Friday with a market cap of $244.62 million and a PE ratio of 26.15 along with a beta of 1.22 – indicating that this investment opportunity could offer strong potential returns despite exhibiting moderate risk factors.
The ETF primarily invests in global companies involved in artificial intelligence or robotics using a modified equal-weighted index approach to optimize returns via diverse public equity holdings across various markets worldwide. Established on February 21st of last year and managed by First Trust – one can conclude that investing in First Trust Nasdaq Artificial Intelligence and Robotics ETF could be a great opportunity to capitalize in these emerging technologies.
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