On September 19, 2023, it was announced that Worth Asset Management LLC has significantly increased its stake in the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ: BOTZ). According to the company’s recent Form 13F filing with the Securities & Exchange Commission (SEC), their ownership saw a remarkable surge of 3,033.3% during the second quarter.
Worth Asset Management LLC, an institutional investor, revealed that they acquired an additional 4,550 shares of Global X Robotics & Artificial Intelligence Thematic ETF. As a result, their total holdings in the company now amount to 4,700 shares. The total value of these holdings is estimated at $135,000 as of their most recent filing with the SEC.
The Global X Robotics & Artificial Intelligence Thematic ETF is designed to track companies involved in the development and implementation of robotics and artificial intelligence technologies. With advancements in automation and machine learning transforming various industries globally, this ETF offers investors an opportunity to capitalize on these emerging trends.
Worth Asset Management LLC’s decision to increase its stake in this ETF demonstrates their confidence in its potential for growth and profitability. As an institutional investor with vast experience in managing assets, Worth Asset Management LLC’s reinforcement of their position suggests a positive outlook for Global X Robotics & Artificial Intelligence Thematic ETF.
This move aligns with a broader trend where investors are increasingly recognizing the value and potential offered by robotics and artificial intelligence technology. These innovative solutions have been revolutionizing sectors such as healthcare, manufacturing, finance, and transportation among many others.
By investing in companies at the forefront of these technological advancements through an ETF like Global X Robotics & Artificial Intelligence Thematic ETF, investors can diversify their portfolios while tapping into the potential upside of this rapidly growing sector.
It is worth noting that Worth Asset Management LLC’s actions reflect their own investment strategy and do not guarantee future results for other investors. However, it does provide valuable insight into the growing interest and confidence placed in robotics and artificial intelligence technology by institutional investors.
As the world continues to witness the transformative power of robotics and artificial intelligence, investing in companies leading these advancements can offer substantial opportunities. This recent development involving Worth Asset Management LLC highlights the increasing attention being given to this sector by experienced market players.
Investors seeking exposure to the potential growth of robotics and artificial intelligence may consider exploring Global X Robotics & Artificial Intelligence Thematic ETF. As always, it is recommended that individuals consult with their financial advisors or conduct thorough research before making any investment decisions.
In conclusion, Worth Asset Management LLC’s significant increase in its stake in Global X Robotics & Artificial Intelligence Thematic ETF signifies their belief in the future prospects of this rapidly evolving sector. As investments in robotics and artificial intelligence continue to gain traction, it will be interesting to observe how this industry unfolds and what opportunities it presents for investors worldwide.
Morgan Stanley
MS
Strong Buy
Updated on: 02/10/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Institutional Investors Show Growing Interest in Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ)
In recent months, there has been a notable increase in the interest among institutional investors and hedge funds in the Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ). This exchange-traded fund, which primarily focuses on stocks related to robotics and artificial intelligence, has attracted attention from major players in the financial industry.
One such investor is Baird Financial Group Inc., who boosted its position in BOTZ by 2.0% during the first quarter. They now own 194,823 shares of the company’s stock, valued at $5,652,000 after acquiring an additional 3,784 shares. Another investor, Covestor Ltd, saw their position in BOTZ increase by 149.9% during the same period. They currently own 3,721 shares worth $108,000 after acquiring an additional 2,232 shares.
Laffer Tengler Investments also joined the ranks of institutional investors by acquiring a new position in BOTZ during the first quarter. Their investment is valued at approximately $181,000. Additionally, BNP Paribas Arbitrage SA increased its holdings in BOTZ by 94.7% during the first quarter and now owns 2,136 shares worth $62,000.
Captrust Financial Advisors chose to boost their holdings in BOTZ during the second quarter as well. With an increase of 21.8%, they now own 5,867 shares valued at $119,000 after purchasing an additional 1,052 shares.
As of today’s trading session on September 19th of 2023, NASDAQ:BOTZ opened at $25.51. The firm currently has a market capitalization of $2.26 billion with a price-to-earnings ratio of 31.09 and a beta of 1.25. The company’s moving averages show that its fifty-day average stands at $27.25 while its two-hundred-day average is $26.72. Over the past year, Global X Robotics & Artificial Intelligence Thematic ETF has recorded a low of $17.33 and a high of $30.26.
Before considering an investment in the Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ), it is essential to thoroughly evaluate the fund and its potential for growth. BOTZ was launched on September 12, 2016, and is managed by Global X. As an exchange-traded fund focused on robotics and artificial intelligence stocks, BOTZ aims to provide exposure to companies involved in the development and production of these cutting-edge technologies.
Investors must carefully assess their investment goals and risk tolerance before committing funds to BOTZ or any other thematic ETF. While recent interest from institutional investors may suggest the potential for growth in this sector, there are inherent risks associated with investing in any specific theme or industry.
As always, seeking advice from a financial advisor or conducting thorough research can help investors make informed decisions about including Global X Robotics & Artificial Intelligence Thematic ETF within their investment portfolio. It is important to consider both the long-term prospects and potential short-term volatility of such investments before taking action.
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