iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Trading 2.3% Higher – Still a Buy?

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO – Get Free Report)’s share price traded up 2.3% on Thursday . The company traded as high as $48.18 and last traded at $47.59. 423,686 shares traded hands during trading, an increase of 225% from the average session volume of 130,270 shares. The stock had previously closed at $46.53.

iShares Robotics and Artificial Intelligence Multisector ETF Price Performance

The firm has a 50-day simple moving average of $49.97 and a 200 day simple moving average of $48.83. The company has a market capitalization of $878.23 million, a PE ratio of 32.81 and a beta of 1.13.

About iShares Robotics and Artificial Intelligence Multisector ETF

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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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