ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume – Time to Buy?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares saw unusually-strong trading volume on Wednesday . 224,585 shares were traded 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 Trading Up 1.1%

The firm’s 50-day moving average is $80.64 and its two-hundred day moving average is $79.90. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 23.13 and a beta of 1.41.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds have recently made changes to their positions in ROBO. Capital Square LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF in the second quarter valued at $276,000. Noble Wealth Management PBC lifted its stake in 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 acquiring an additional 2,408 shares in the last quarter. Allied Private Wealth LLC acquired a new position in ROBO Global Robotics & Automation ETF during the 2nd quarter worth about $81,000. Beck Capital Management LLC boosted its holdings in ROBO Global Robotics & Automation ETF by 4.1% during the 4th quarter. Beck Capital Management LLC now owns 10,544 shares of the company’s stock valued at $731,000 after acquiring an additional 419 shares during the period. Finally, Compass Financial Management LLC purchased a new position in ROBO Global Robotics & Automation ETF during the 2nd quarter valued at about $27,000.

About ROBO Global Robotics & Automation ETF

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.