Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) Trading 3.6% Higher – Here’s Why

Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ)’s share price shot up 3.6% during mid-day trading on Thursday . The stock traded as high as $34.90 and last traded at $34.90. Approximately 874,935 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 957,570 shares. The stock had previously closed at $33.68.

Global X Robotics & Artificial Intelligence ETF Price Performance

The firm has a market capitalization of $3.25 billion, a PE ratio of 27.41 and a beta of 1.46. The stock’s 50-day moving average price is $37.23 and its 200 day moving average price is $37.20.

Global X Robotics & Artificial Intelligence ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th were given a dividend of $0.018 per share. The ex-dividend date of this dividend was Monday, June 29th.

Hedge Funds Weigh In On Global X Robotics & Artificial Intelligence ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Global X Robotics & Artificial Intelligence ETF by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 467,201 shares of the company’s stock valued at $16,545,000 after buying an additional 26,116 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in Global X Robotics & Artificial Intelligence ETF by 2.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 172,988 shares of the company’s stock worth $6,267,000 after acquiring an additional 3,313 shares during the period. Fiduciary Alliance LLC lifted its stake in Global X Robotics & Artificial Intelligence ETF by 3.1% in the fourth quarter. Fiduciary Alliance LLC now owns 136,861 shares of the company’s stock worth $4,958,000 after acquiring an additional 4,118 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Global X Robotics & Artificial Intelligence ETF by 11.2% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 134,781 shares of the company’s stock worth $4,477,000 after acquiring an additional 13,587 shares in the last quarter. Finally, CX Institutional grew its holdings in Global X Robotics & Artificial Intelligence ETF by 3.5% during the 2nd quarter. CX Institutional now owns 127,120 shares of the company’s stock worth $4,823,000 after acquiring an additional 4,286 shares in the last quarter.

About Global X Robotics & Artificial Intelligence ETF

The Global X Robotics & Artificial Intelligence ETF (BOTZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides market- cap selected and weighted exposure to companies involved in the development and production of robots or artificial intelligence. BOTZ was launched on Sep 12, 2016 and is managed by Global X.