ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Shares Down 0.3% – Time to Sell?
by Michael Walen · The Markets DailyShares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO – Get Free Report) were down 0.3% on Thursday . The company traded as low as $72.40 and last traded at $73.24. Approximately 111,268 shares were traded during trading, a decline of 50% from the average daily volume of 222,907 shares. The stock had previously closed at $73.44.
ROBO Global Robotics & Automation ETF Price Performance
The stock has a market capitalization of $1.61 billion, a PE ratio of 23.13 and a beta of 1.31. The business has a 50 day moving average price of $73.19 and a 200 day moving average price of $70.63.
Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF
Institutional investors have recently modified their holdings of the stock. Archer Investment Corp purchased a new stake in shares of ROBO Global Robotics & Automation ETF in the fourth quarter worth $30,000. Crews Bank & Trust grew its stake in shares of ROBO Global Robotics & Automation ETF by 354.0% in the third quarter. Crews Bank & Trust now owns 454 shares of the company’s stock worth $30,000 after acquiring an additional 354 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in shares of ROBO Global Robotics & Automation ETF in the third quarter worth $38,000. Atlas Capital Advisors Inc. purchased a new stake in shares of ROBO Global Robotics & Automation ETF in the fourth quarter worth $39,000. Finally, GPS Wealth Strategies Group LLC grew its stake in shares of ROBO Global Robotics & Automation ETF by 2,118.6% in the third quarter. GPS Wealth Strategies Group LLC now owns 2,263 shares of the company’s stock worth $148,000 after acquiring an additional 2,161 shares during the last quarter.
ROBO Global Robotics & Automation ETF Company Profile
The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.