ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume – Here’s What Happened

by · The Cerbat Gem

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO – Get Free Report) shares saw unusually-high trading volume on Wednesday . 224,585 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 210,696 shares.The stock last traded at $77.9770 and had previously closed at $77.25.

ROBO Global Robotics & Automation ETF Stock Performance

The company’s 50-day simple moving average is $80.64 and its 200 day simple moving average is $79.90. The company has a market cap of $1.95 billion, a PE ratio of 23.13 and a beta of 1.41.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds have recently bought and sold shares of the stock. Compass Financial Management LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF in the 2nd quarter valued at about $27,000. Capital Square LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF in the 2nd quarter valued at $276,000. Allied Private Wealth LLC purchased a new stake in shares of ROBO Global Robotics & Automation ETF during the 2nd quarter worth $81,000. Noble Wealth Management PBC lifted its position in shares of ROBO Global Robotics & Automation ETF by 105.6% during the 2nd quarter. Noble Wealth Management PBC now owns 4,688 shares of the company’s stock worth $402,000 after purchasing an additional 2,408 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of ROBO Global Robotics & Automation ETF by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 6,100 shares of the company’s stock worth $417,000 after purchasing an additional 295 shares in the last quarter.

ROBO Global Robotics & Automation ETF Company Profile

(Get Free Report)

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.

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