Centaurus Financial Inc. Grows Holdings in First Trust Bloomberg Artificial Intelligence ETF $FAI

Centaurus Financial Inc. increased its stake in shares of First Trust Bloomberg Artificial Intelligence ETF (NYSEARCA:FAI) by 392.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 50,113 shares of the company’s stock after purchasing an additional 39,937 shares during the period. Centaurus Financial Inc. owned approximately 0.13% of First Trust Bloomberg Artificial Intelligence ETF worth $1,765,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new stake in First Trust Bloomberg Artificial Intelligence ETF in the first quarter valued at approximately $396,000. Kingswood Wealth Advisors LLC grew its stake in shares of First Trust Bloomberg Artificial Intelligence ETF by 8.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 15,370 shares of the company’s stock valued at $541,000 after buying an additional 1,204 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of First Trust Bloomberg Artificial Intelligence ETF in the 1st quarter valued at $709,000.

First Trust Bloomberg Artificial Intelligence ETF Trading Down 3.5%

FAI opened at $40.70 on Monday. The stock’s 50-day moving average price is $41.39 and its 200 day moving average price is $38.09. First Trust Bloomberg Artificial Intelligence ETF has a 12-month low of $22.92 and a 12-month high of $44.03. The firm has a market cap of $28.49 million, a price-to-earnings ratio of 33.52 and a beta of 2.01.

First Trust Bloomberg Artificial Intelligence ETF Profile

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.