ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sets New 12-Month High – Time to Buy?

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

ROBO Global Robotics & Automation ETF Stock Performance

The firm’s 50-day moving average is $57.26 and its two-hundred day moving average is $55.99. The stock has a market cap of $1.38 billion, a P/E ratio of 28.27 and a beta of 1.28.

Institutional Trading of ROBO Global Robotics & Automation ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Valley Wealth Managers Inc. grew its holdings in shares of ROBO Global Robotics & Automation ETF by 0.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock valued at $2,173,000 after buying an additional 294 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 411 shares in the last quarter. AlphaMark Advisors LLC grew its stake in ROBO Global Robotics & Automation ETF by 56.7% in the fourth quarter. AlphaMark Advisors LLC now owns 2,695 shares of the company’s stock valued at $152,000 after acquiring an additional 975 shares during the period. Silverleafe Capital Partners LLC increased its holdings in shares of ROBO Global Robotics & Automation ETF by 5.0% in the fourth quarter. Silverleafe Capital Partners LLC now owns 63,289 shares of the company’s stock worth $3,561,000 after acquiring an additional 3,023 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of ROBO Global Robotics & Automation ETF during the second quarter worth about $420,000.

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.