iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Hits New 52-Week High – Still a Buy?

by · The Cerbat Gem

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO – Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $35.46 and last traded at $35.29, with a volume of 114180 shares changing hands. The stock had previously closed at $35.11.

iShares Robotics and Artificial Intelligence Multisector ETF Price Performance

The stock has a market cap of $709.83 million, a PE ratio of 20.73 and a beta of 1.45. The stock has a 50-day moving average price of $34.66 and a two-hundred day moving average price of $33.78.

Hedge Funds Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IRBO. Lynx Investment Advisory bought a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter worth approximately $25,000. Adirondack Trust Co. bought a new position in iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter valued at $50,000. Family Firm Inc. purchased a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter valued at $57,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter worth about $128,000. Finally, LRI Investments LLC purchased a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 3rd quarter worth about $126,000.

iShares Robotics and Artificial Intelligence Multisector ETF Company Profile

(Get Free Report)

The iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equal-weighted index of global equities involved in robotics and artificial intelligence. IRBO was launched on Jun 26, 2018 and is managed by BlackRock.

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