ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sets New 52-Week High – What’s Next?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $59.78 and last traded at $59.78, with a volume of 46605 shares traded. The stock had previously closed at $58.26.

ROBO Global Robotics & Automation ETF Price Performance

The firm has a 50-day moving average of $57.26 and a 200 day moving average of $55.99. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.27 and a beta of 1.28.

Institutional Trading of ROBO Global Robotics & Automation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AlphaMark Advisors LLC increased its holdings in shares of ROBO Global Robotics & Automation ETF by 286.5% during the 3rd quarter. AlphaMark Advisors LLC now owns 1,720 shares of the company’s stock worth $98,000 after acquiring an additional 1,275 shares during the last quarter. JPMorgan Chase & Co. boosted its position in ROBO Global Robotics & Automation ETF by 12.8% during the third quarter. JPMorgan Chase & Co. now owns 3,616 shares of the company’s stock worth $206,000 after purchasing an additional 411 shares during the period. Marshall Wace LLP acquired a new position in shares of ROBO Global Robotics & Automation ETF in the second quarter valued at $420,000. Valley Wealth Managers Inc. raised its position in shares of ROBO Global Robotics & Automation ETF by 0.8% in the third quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock valued at $2,173,000 after purchasing an additional 294 shares during the period. Finally, Silverleafe Capital Partners LLC lifted its stake in shares of ROBO Global Robotics & Automation ETF by 5.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 63,289 shares of the company’s stock worth $3,561,000 after buying an additional 3,023 shares during the last quarter.

About ROBO Global Robotics & Automation ETF

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.