ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Trading 3.9% Higher – Should You Buy?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) rose 3.9% during trading on Monday . The company traded as high as $128.54 and last traded at $128.39. 257,613 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 239,606 shares. The stock had previously closed at $123.60.

ARK Autonomous Technology & Robotics ETF Price Performance

The company’s 50-day moving average is $132.29 and its two-hundred day moving average is $125.21. The firm has a market cap of $1.57 billion, a P/E ratio of 32.86 and a beta of 1.40.

Hedge Funds Weigh In On ARK Autonomous Technology & Robotics ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ARKQ. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of ARK Autonomous Technology & Robotics ETF during the 3rd quarter worth approximately $37,000. Russell Investments Group Ltd. raised its position in ARK Autonomous Technology & Robotics ETF by 258.7% during 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 in the last quarter. FWL Investment Management LLC acquired a new position in ARK Autonomous Technology & Robotics ETF during the second quarter valued at approximately $61,000. Atlas Wealth LLC bought a new stake in ARK Autonomous Technology & Robotics ETF during the first quarter worth $76,000. Finally, Triumph Capital Management acquired a new stake in shares of ARK Autonomous Technology & Robotics ETF in the 3rd quarter valued at $127,000.

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.