First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Shares Gap Down – Should You Sell?

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBTGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $60.26, but opened at $58.37. First Trust Nasdaq Artificial Intelligence and Robotics ETF shares last traded at $58.48, with a volume of 3,886 shares.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Price Performance

The company has a market cap of $767.27 million, a P/E ratio of 27.26 and a beta of 1.28. The stock has a 50-day moving average of $56.74 and a 200 day moving average of $53.45.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0094 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Large investors have recently bought and sold shares of the company. Allied Private Wealth LLC acquired a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the second quarter worth approximately $29,000. Farther Finance Advisors LLC purchased a new stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter valued at $47,000. Bank of Montreal Can boosted its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% during the 4th quarter. Bank of Montreal Can now owns 980 shares of the company’s stock worth $51,000 after acquiring an additional 780 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 4th quarter worth $60,000. Finally, Advisory Services Network LLC bought a new stake in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the 3rd quarter worth $62,000.

About First Trust Nasdaq Artificial Intelligence and Robotics ETF

(Get Free Report)

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.

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