Sunbelt Securities Inc., a well-known institutional investor, has acquired a new stake in the First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) during the third quarter. The company now holds 1,852 shares of the ETF, valued at approximately $75,000. This strategic move demonstrates Sunbelt Securities Inc.’s confidence in the potential growth of the AI and robotics sector.
Increasing Interest in the AI and Robotics ETF
Other institutional investors have also made changes to their positions in the First Trust Nasdaq Artificial Intelligence and Robotics ETF. ICA Group Wealth Management LLC, for instance, has witnessed a growth in its stake by 31.6% during the first quarter. Envestnet Asset Management Inc., J.W. Cole Advisors Inc., Elevated Capital Advisors LLC, and Baird Financial Group Inc. have also increased their positions in the ETF.
Trading Update
Shares of the First Trust Nasdaq Artificial Intelligence and Robotics ETF opened at $44.17 on Monday, showing a decrease of 0.9%. The ETF’s fifty-day moving average price is $44.67, while the 200-day moving average price stands at $42.53. The ETF has a market capitalization of $490.29 million and a beta of 1.22.
Dividend Announcement
Shareholders of the First Trust Nasdaq Artificial Intelligence and Robotics ETF were recently issued a quarterly dividend of $0.0296 per share. The dividend was paid on December 29th to shareholders of record on December 26th. This translates to an annualized dividend of $0.12 and a yield of 0.27%.
About First Trust Nasdaq Artificial Intelligence and Robotics ETF
The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that focuses on investing in stocks related to artificial intelligence and robotics. It tracks a modified equal-weighted index of global companies involved in these sectors. ROBT, launched on February 21, 2018, is managed by First Trust.
FAQ
Q: What is the First Trust Nasdaq Artificial Intelligence and Robotics ETF?
A: It is an exchange-traded fund that invests in stocks related to artificial intelligence and robotics.
Q: Who manages the ROBT ETF?
A: First Trust is the company responsible for managing the First Trust Nasdaq Artificial Intelligence and Robotics ETF.
Q: What is the recent trading update for the ROBT ETF?
A: The ETF’s shares opened at $44.17 on Monday, with a decrease of 0.9%.
Q: Did the ROBT ETF recently announce a dividend?
A: Yes, the company announced a quarterly dividend of $0.0296 per share, which was paid on December 29th.
Q: Are there any other institutional investors holding the ROBT ETF?
A: For information on other institutional investors holding the First Trust Nasdaq Artificial Intelligence and Robotics ETF, visit HoldingsChannel.com for the latest 13F filings and insider trades (https://holdingschannel.com).
Sources
– HoldingsChannel.com (https://holdingschannel.com)
Industry Overview
The artificial intelligence and robotics industry has been experiencing significant growth in recent years. The advancement of technology and the increasing demand for automation across various sectors have driven the adoption of AI and robotics solutions. These technologies have the potential to revolutionize industries such as manufacturing, healthcare, finance, and transportation.
According to a report by Grand View Research, the global AI market size is projected to reach $733.7 billion by 2027, growing at a CAGR of 42.2% during the forecast period. The robotics market is also expected to grow, with a projected market size of $156.2 billion by 2025, according to a report by MarketsandMarkets.
Market Forecasts
The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is well-positioned to benefit from the growth of the AI and robotics industry. With its focus on investing in stocks related to AI and robotics, ROBT offers investors exposure to this rapidly expanding market.
Analysts predict that the demand for AI and robotics solutions will continue to increase as companies seek to improve operational efficiency, reduce costs, and enhance productivity. As a result, the market for AI and robotics technologies is expected to experience substantial growth in the coming years.
Challenges and Issues
While the AI and robotics industry presents numerous opportunities, it also faces several challenges. One significant concern is the ethical implications of AI, particularly in areas such as privacy, bias, and job displacement.
Privacy concerns arise as AI systems gather large amounts of personal data for analysis. Ensuring that this data is handled securely and used responsibly is crucial. Additionally, bias in AI algorithms has raised concerns about potential discriminatory practices and the ethical implications of AI decision-making.
Another challenge is the potential impact on jobs. As AI and robotics technologies advance, there is a fear that they may replace human jobs, leading to unemployment and socioeconomic inequalities. It is crucial to address these concerns and find solutions that mitigate the negative consequences while harnessing the benefits of AI and robotics.
Amidst these challenges, companies and institutions are working towards responsible AI and robotics deployment, aiming to strike a balance between innovation and societal impact.
For more information on other institutional investors holding the First Trust Nasdaq Artificial Intelligence and Robotics ETF, you can visit HoldingsChannel.com for the latest 13F filings and insider trades.
The source of the article is from the blog foodnext.nl