Fisher Asset Management, LLC recently reduced its stake in Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) by 1.7% during the second quarter, according to a report from HoldingsChannel. With the sale of 11,151 shares, Fisher Asset Management’s holdings in the ETF were worth $18,888,000. This move highlights the ever-evolving nature of the investment landscape and the need for investors to adapt their portfolios accordingly.
While Fisher Asset Management was reducing its stake, other hedge funds were taking the opportunity to increase or decrease their positions in BOTZ. Wedbush Securities Inc. raised its stake by 3.0% during the first quarter, adding 433 shares to its existing holdings. AdvisorNet Financial Inc followed suit in the second quarter, raising its stake by 14.5% with an additional 626 shares. Equitable Trust Co. and Triumph Capital Management also increased their positions by 5.3% and 8.2% respectively, indicating growing interest in the ETF. However, Endurance Wealth Management Inc. only marginally increased its stake by 1.0% during the first quarter.
BOTZ opened at $24.61 on Tuesday, with a one-year low of $20.02 and a one-year high of $30.26. The stock’s fifty-day moving average is $24.46, while its 200-day moving average is $26.47. With a market capitalization of $2.06 billion, the ETF demonstrates potential for growth in the robotics and artificial intelligence sector.
The Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) is an exchange-traded fund that primarily invests in stocks related to the development and production of robots and artificial intelligence. Launched on September 12, 2016, the fund offers exposure to companies involved in this transformative field. Managed by Global X, BOTZ provides investors with a unique opportunity to capitalize on the rapidly expanding robotics and AI industry.
Curious to know more about the holdings of other hedge funds in BOTZ? Visit HoldingsChannel.com to access the latest 13F filings and insider trades for Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ – Free Report).
– HoldingsChannel.com: https://www.holdingschannel.com/
– MarketBeat.com: https://www.marketbeat.com/