ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Unusually-High Trading Volume – What’s Next?

by · The Markets Daily

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO – Get Free Report) shares saw strong trading volume on Monday . Approximately 299,194 shares traded hands during trading, an increase of 33% from the previous session’s volume of 225,630 shares.The stock last traded at $86.44 and had previously closed at $86.00.

ROBO Global Robotics & Automation ETF Price Performance

The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 23.13 and a beta of 1.40. The firm’s 50-day simple moving average is $83.27 and its 200 day simple moving average is $76.22.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

A number of institutional investors have recently modified their holdings of ROBO. Archer Investment Corp bought a new stake in shares of ROBO Global Robotics & Automation ETF during the 4th quarter worth $30,000. Atlas Capital Advisors Inc. bought a new position in ROBO Global Robotics & Automation ETF in the fourth quarter valued at about $39,000. Strive Financial Group LLC acquired a new position in ROBO Global Robotics & Automation ETF during the fourth quarter worth about $264,000. NewEdge Advisors LLC raised its stake in ROBO Global Robotics & Automation ETF by 593.3% during the first quarter. NewEdge Advisors LLC now owns 6,441 shares of the company’s stock worth $332,000 after acquiring an additional 5,512 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in ROBO Global Robotics & Automation ETF by 280.8% during the second quarter. JPMorgan Chase & Co. now owns 6,006 shares of the company’s stock worth $359,000 after acquiring an additional 4,429 shares in the last quarter.

About ROBO Global Robotics & Automation ETF

(Get Free Report)

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.

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