First Trust Bloomberg Artificial Intelligence ETF $FAI Shares Newly Purchased by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC bought a new position in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,690 shares of the company’s stock, valued at approximately $2,986,000. Castle Rock Wealth Management LLC owned approximately 1.18% of First Trust Bloomberg Artificial Intelligence ETF as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the second quarter valued at approximately $12,763,000. Bullseye Investment Management LLC bought a new position in First Trust Bloomberg Artificial Intelligence ETF during the 2nd quarter worth $8,062,000. Kestra Advisory Services LLC increased its stake in First Trust Bloomberg Artificial Intelligence ETF by 24.5% during the 1st quarter. Kestra Advisory Services LLC now owns 133,131 shares of the company’s stock worth $4,952,000 after acquiring an additional 26,211 shares during the period. Centaurus Financial Inc. raised its holdings in First Trust Bloomberg Artificial Intelligence ETF by 0.7% in the 1st quarter. Centaurus Financial Inc. now owns 46,351 shares of the company’s stock valued at $1,724,000 after acquiring an additional 333 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in First Trust Bloomberg Artificial Intelligence ETF by 8.6% in the 1st quarter. Cetera Investment Advisers now owns 28,224 shares of the company’s stock valued at $1,050,000 after acquiring an additional 2,238 shares in the last quarter.

First Trust Bloomberg Artificial Intelligence ETF Stock Up 1.2%

Shares of NYSEARCA:FAI traded up $0.68 during trading on Friday, reaching $58.36. 48,990 shares of the company traded hands, compared to its average volume of 38,597. The firm has a market capitalization of $250.95 million, a PE ratio of 33.52 and a beta of 2.11. First Trust Bloomberg Artificial Intelligence ETF has a 52 week low of $35.54 and a 52 week high of $59.21. The company’s 50 day moving average is $54.97 and its two-hundred day moving average is $50.77.

About First Trust Bloomberg Artificial Intelligence ETF

The First Trust Bloomberg Artificial Intelligence ETF (FAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies in the artificial intelligence AI industry. It comprises the top 50 securities globally by revenue and themes assessments. FAI was launched on Nov 20, 2024 and is issued by First Trust.