ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Trading 3% Higher – What’s Next?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) shares rose 3% during trading on Tuesday . The stock traded as high as $120.84 and last traded at $120.10. Approximately 84,463 shares were traded during trading, a decline of 63% from the average daily volume of 225,255 shares. The stock had previously closed at $116.63.

ARK Autonomous Technology & Robotics ETF Stock Performance

The firm’s 50-day simple moving average is $129.85 and its 200 day simple moving average is $126.12. The stock has a market capitalization of $1.43 billion, a P/E ratio of 32.86 and a beta of 1.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in shares of ARK Autonomous Technology & Robotics ETF by 258.7% in the third quarter. Russell Investments Group Ltd. now owns 538 shares of the company’s stock valued at $60,000 after purchasing an additional 388 shares during the last quarter. Atlas Wealth LLC acquired a new stake in ARK Autonomous Technology & Robotics ETF during the first quarter worth approximately $76,000. FWL Investment Management LLC bought a new stake in shares of ARK Autonomous Technology & Robotics ETF during the second quarter worth approximately $61,000. Triumph Capital Management bought a new position in shares of ARK Autonomous Technology & Robotics ETF during the third quarter worth approximately $127,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of ARK Autonomous Technology & Robotics ETF during the second quarter worth approximately $202,000.

About ARK Autonomous Technology & Robotics ETF

The ARK Autonomous Technology & Robotics ETF (ARKQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund with a broad mandate to invest in companies that its managers identify as benefiting from automation and other technological advancements. ARKQ was launched on Sep 30, 2014 and is managed by ARK.