First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
First Trust Nasdaq Artificial Intelligence and Robotics ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $59.52, up 0.04% on the session, giving a market capitalisation of $785.2M. Its beta of 1.55 implies it has historically moved more than the broad market.
The First Trust Nasdaq Artificial Intelligence and Robotics ETF, referred to as "the Fund," aims to deliver investment returns that broadly correspond to the price movements and income generated by a specific benchmark, prior to its own operational costs. This benchmark is identified as the Nasdaq CTA Artificial Intelligence and Robotics Index ("the Index"). A core strategy involves the Fund customarily deploying a minimum of 90% of its net assets, including any investment borrowings, into the common shares and depositary receipts that comprise this Index. The Index itself is crafted to monitor the financial performance of corporations actively engaged in artificial intelligence ("AI") and robotics, encompassing a range of economic sectors such as technology, industrial, and others.
First Trust Nasdaq Artificial Intelligence and Robotics ETF is most often compared with the following Financial Services names: