ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Hits New 1-Year High – Here’s What Happened

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares hit a new 52-week high on Tuesday . The stock traded as high as $87.49 and last traded at $87.02, with a volume of 229666 shares trading hands. The stock had previously closed at $86.58.

ROBO Global Robotics & Automation ETF Stock Up 0.5%

The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 23.13 and a beta of 1.39. The company’s 50 day moving average price is $74.75 and its 200 day moving average price is $72.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROBO. NewEdge Advisors LLC increased its holdings in ROBO Global Robotics & Automation ETF by 593.3% in the first quarter. NewEdge Advisors LLC now owns 6,441 shares of the company’s stock valued at $332,000 after buying an additional 5,512 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in ROBO Global Robotics & Automation ETF by 280.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,006 shares of the company’s stock valued at $359,000 after purchasing an additional 4,429 shares during the last quarter. Captrust Financial Advisors boosted its holdings in ROBO Global Robotics & Automation ETF by 6.4% in the 2nd quarter. Captrust Financial Advisors now owns 22,778 shares of the company’s stock valued at $1,362,000 after purchasing an additional 1,367 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of ROBO Global Robotics & Automation ETF in the 3rd quarter worth approximately $3,278,000. Finally, GPS Wealth Strategies Group LLC increased its stake in ROBO Global Robotics & Automation ETF by 2,118.6% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 2,263 shares of the company’s stock worth $148,000 after buying an additional 2,161 shares during the period.

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.