ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Trading Up 0.1% – Here’s What Happened

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ)’s share price shot up 0.1% during mid-day trading on Wednesday . The stock traded as high as $120.34 and last traded at $120.24. Approximately 94,603 shares were traded during trading, a decline of 54% from the average session volume of 205,212 shares. The stock had previously closed at $120.15.

ARK Autonomous Technology & Robotics ETF Price Performance

The business’s 50 day moving average is $122.89 and its 200 day moving average is $125.18. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 32.86 and a beta of 1.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARKQ. Russell Investments Group Ltd. lifted its position in ARK Autonomous Technology & Robotics ETF by 24.7% in the fourth quarter. Russell Investments Group Ltd. now owns 671 shares of the company’s stock valued at $77,000 after acquiring an additional 133 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of ARK Autonomous Technology & Robotics ETF by 6.7% during the fourth quarter. Arkadios Wealth Advisors now owns 2,122 shares of the company’s stock worth $243,000 after acquiring an additional 134 shares during the last quarter. Crescent Grove Advisors LLC increased its holdings in shares of ARK Autonomous Technology & Robotics ETF by 1.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 13,263 shares of the company’s stock valued at $1,521,000 after acquiring an additional 175 shares during the period. Continuum Advisory LLC purchased a new stake in ARK Autonomous Technology & Robotics ETF in the 2nd quarter valued at $26,000. Finally, Strategic Advocates LLC boosted its stake in ARK Autonomous Technology & Robotics ETF by 2.0% during the 4th quarter. Strategic Advocates LLC now owns 19,947 shares of the company’s stock worth $2,304,000 after purchasing an additional 386 shares during the period.

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.