Biltmore Family Office LLC has significantly increased its position in the First Trust Nasdaq Artificial Intelligence and Robotics ETF, according to a recent filing with the Securities and Exchange Commission. The institutional investor now owns 81,030 shares of the ETF, making it its 20th largest holding. This move is noteworthy, given the growing interest in artificial intelligence and robotics. The ETF, which tracks a modified equal-weighted index of global companies involved in AI or robotics, has seen significant growth since its launch in 2018. The recent increase in stake by Biltmore Family Office LLC is a testament to the growing appeal of AI and robotics in the investment community. As AI continues to transform industries, it will be interesting to see how this ETF performs in the future.
Biltmore Family Office Boosts Stake in AI ETF
Biltmore Family Office LLC owned approximately 0.73% of First Trust Nasdaq Artificial Intelligence and Robotics ETF worth $3,689,000 at the end of the most recent reporting period.
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