ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Hits New 12-Month High – Here’s Why

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $79.82 and last traded at $79.53, with a volume of 41498 shares trading hands. The stock had previously closed at $77.12.

ROBO Global Robotics & Automation ETF Trading Up 2.9%

The firm has a market cap of $1.74 billion, a PE ratio of 23.13 and a beta of 1.33. The firm’s 50 day simple moving average is $73.62 and its 200 day simple moving average is $71.10.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds have recently made changes to their positions in ROBO. NewEdge Advisors LLC grew its holdings in ROBO Global Robotics & Automation ETF by 593.3% during the 1st quarter. NewEdge Advisors LLC now owns 6,441 shares of the company’s stock valued at $332,000 after buying an additional 5,512 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ROBO Global Robotics & Automation ETF by 280.8% during the 2nd 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. Captrust Financial Advisors boosted its position in shares of ROBO Global Robotics & Automation ETF by 6.4% during the 2nd quarter. Captrust Financial Advisors now owns 22,778 shares of the company’s stock valued at $1,362,000 after acquiring an additional 1,367 shares during the last quarter. Fiduciary Alliance LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF in the third quarter valued at $214,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of ROBO Global Robotics & Automation ETF by 16.1% in the third quarter. Farther Finance Advisors LLC now owns 4,501 shares of the company’s stock valued at $295,000 after purchasing an additional 623 shares in the last quarter.

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.