Sun. Oct 1st, 2023
    Worth Asset Management LLC Increases Stake in Global X Robotics & Artificial Intelligence Thematic ETF

    Worth Asset Management LLC has significantly raised its stake in Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) during the second quarter, according to its recent filing with the Securities & Exchange Commission. The institutional investor now owns 4,700 shares of the company’s stock, representing a 3,033.3% increase from the previous quarter. The total value of Worth Asset Management’s holdings in BOTZ stands at $135,000.

    Other institutional investors and hedge funds have also been active in buying and selling shares of BOTZ. Baird Financial Group Inc. increased its position in the ETF by 2.0% in the first quarter, acquiring an additional 3,784 shares. Covestor Ltd boosted its position by 149.9% during the same period, adding 2,232 shares to its holdings. Laffer Tengler Investments purchased a new position in BOTZ worth approximately $181,000 in the first quarter. BNP Paribas Arbitrage SA increased its holdings by 94.7% in the first quarter, while Captrust Financial Advisors added 1,052 shares to its holdings in the second quarter.

    BOTZ has been performing well in the market, with a price-to-earnings ratio of 31.09 and a beta of 1.25. The ETF’s 50-day moving average is $27.25, and its two-hundred day moving average is $26.72. It has reached a 1-year high of $30.26 and a 1-year low of $17.33.

    In addition to the increase in stake, Global X Robotics & Artificial Intelligence Thematic ETF has recently announced an increase in its semi-annual dividend. Shareholders of record on June 30th were issued a dividend of $0.053 per share, marking a positive change from the previous semi-annual dividend of $0.05.

    BOTZ, launched in September 2016, is an exchange-traded fund managed by Global X. It provides exposure to companies involved in the development and production of robotics or artificial intelligence.

    Sources: Worth Asset Management LLC, Securities & Exchange Commission filing, MarketBeat.