ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Hits New 52-Week High – Here’s Why

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) reached a new 52-week high during trading on Thursday . The stock traded as high as $81.45 and last traded at $81.45, with a volume of 118974 shares. The stock had previously closed at $78.66.

ROBO Global Robotics & Automation ETF Stock Up 3.8%

The firm has a 50 day moving average of $74.06 and a 200 day moving average of $71.76. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 23.13 and a beta of 1.33.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Large investors have recently added to or reduced their stakes in the business. Archer Investment Corp acquired a new stake in ROBO Global Robotics & Automation ETF during the fourth quarter worth approximately $30,000. Crews Bank & Trust grew its stake in ROBO Global Robotics & Automation ETF by 354.0% during the third quarter. Crews Bank & Trust now owns 454 shares of the company’s stock worth $30,000 after purchasing an additional 354 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in ROBO Global Robotics & Automation ETF during the fourth quarter worth approximately $39,000. Cloud Capital Management LLC acquired a new stake in ROBO Global Robotics & Automation ETF during the third quarter worth approximately $38,000. Finally, GPS Wealth Strategies Group LLC grew its stake in ROBO Global Robotics & Automation ETF by 2,118.6% in the third quarter. GPS Wealth Strategies Group LLC now owns 2,263 shares of the company’s stock valued at $148,000 after acquiring an additional 2,161 shares during the period.

ROBO Global Robotics & Automation ETF Company Profile

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.