International Assets Investment Management LLC has recently acquired a new position in First Trust Nasdaq Artificial Intelligence and Robotics ETF. According to the company’s latest Form 13F filing with the Securities and Exchange Commission, International Assets Investment Management LLC now owns approximately 606,341 shares of the company’s stock, valued at around $27,607,000. This represents about 0.05% ownership of the ETF.
Diversification of Investors in First Trust Nasdaq Artificial Intelligence and Robotics ETF
Apart from International Assets Investment Management LLC, several other large investors have also made changes to their positions in the First Trust Nasdaq Artificial Intelligence and Robotics ETF. ICA Group Wealth Management LLC recently purchased a new stake in the ETF’s shares in the 4th quarter, with an estimated value of $28,000. Creative Planning and Princeton Global Asset Management LLC also bought new stakes in the 3rd quarter, with estimated values of approximately $35,000 and $49,000 respectively. UBS Group AG saw a significant increase in its position in the 1st quarter, with UBS Group AG now owning 1,341 shares of the ETF’s stock worth $63,000. Northwestern Mutual Wealth Management Co. also increased its position by 54.9% in the 4th quarter, now owning 1,795 shares of the ETF’s stock worth $64,000.
About First Trust Nasdaq Artificial Intelligence and Robotics ETF
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that primarily invests in stocks related to artificial intelligence and robotics. The fund tracks a modified equal-weighted index that includes global companies of all market capitalizations involved in these sectors. Managed by First Trust, ROBT was launched on February 21, 2018.
Stock Performance and Profile
Shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) started at $44.55 on Wednesday, with a 50-day moving average of $44.88 and a 200-day moving average of $42.84. The ETF has a 12-month low of $36.38 and a 12-month high of $47.71. It currently has a market capitalization of $550.19 million, a P/E ratio of 26.15, and a beta of 1.22.
Frequently Asked Questions (FAQ)
1. What is the purpose of First Trust Nasdaq Artificial Intelligence and Robotics ETF?
First Trust Nasdaq Artificial Intelligence and Robotics ETF aims to provide investors with exposure to global companies involved in the fields of artificial intelligence and robotics.
2. How is the ETF’s portfolio diversified?
The ETF tracks a modified equal-weighted index that includes companies of all market capitalizations from around the world, providing a diversified portfolio for investors.
3. Who manages First Trust Nasdaq Artificial Intelligence and Robotics ETF?
First Trust is the management company responsible for overseeing the operations of the ETF.
Sources:
– Securities and Exchange Commission (SEC): [www.sec.gov](http://www.sec.gov)
– First Trust: [www.ftportfolios.com](http://www.ftportfolios.com)
– HoldingsChannel.com: [www.holdingschannel.com](http://www.holdingschannel.com)
– MarketBeat.com: [www.marketbeat.com](http://www.marketbeat.com)
Industry Overview
The artificial intelligence and robotics industry has experienced significant growth in recent years. The increasing demand for automation and intelligent systems across various sectors, including healthcare, manufacturing, and finance, has driven the expansion of this industry. Artificial intelligence and robotics technologies are being used to enhance efficiency, productivity, and innovation in businesses worldwide.
According to a report by Allied Market Research, the global artificial intelligence market is projected to reach $390.9 billion by 2025, growing at a compound annual growth rate (CAGR) of 46.2% from 2018 to 2025. Similarly, the global robotics market is expected to reach $147.26 billion by 2025, with a CAGR of 13.5% during the forecast period.
Market Forecasts
The future of artificial intelligence and robotics looks promising, with numerous opportunities for growth and development. Advances in machine learning, natural language processing, and computer vision are expected to drive the applications of AI and robotics further.
The healthcare industry, in particular, is expected to witness significant adoption of AI and robotics technologies, with applications ranging from diagnostics and robot-assisted surgeries to personalized medicine and drug discovery. Additionally, industries such as manufacturing, transportation, and agriculture are also embracing AI and robotics to optimize processes, improve safety, and reduce costs.
Challenges and Issues
Despite the positive outlook, the artificial intelligence and robotics industry also faces several challenges and issues. One major concern is the ethical and social implications of AI, including issues related to job displacement, privacy, and bias in algorithms. There is a need for responsible AI and careful consideration of the potential impact on the workforce and society as a whole.
Furthermore, the rapid advancements in AI and robotics technologies pose challenges in terms of regulations and legal frameworks. Governments and regulatory bodies are still grappling with how to effectively govern these technologies to ensure their safe and ethical use.
Sources:
– Securities and Exchange Commission (SEC): www.sec.gov
– First Trust: www.ftportfolios.com
– HoldingsChannel.com: www.holdingschannel.com
– MarketBeat.com: www.marketbeat.com
The source of the article is from the blog maestropasta.cz