ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Unusually-High Trading Volume

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares saw strong trading volume on Friday . 98,357 shares changed hands during mid-day trading, an increase of 45% from the previous session’s volume of 68,042 shares.The stock last traded at $54.81 and had previously closed at $55.09.

ROBO Global Robotics & Automation ETF Stock Down 0.5 %

The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 28.27 and a beta of 1.28. The stock has a fifty day moving average of $55.65 and a two-hundred day moving average of $56.15.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Crestwood Advisors Group LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF during the third quarter valued at approximately $2,461,000. Accordant Advisory Group Inc acquired a new stake in ROBO Global Robotics & Automation ETF during the first quarter worth about $274,000. Crescent Grove Advisors LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF in the 4th quarter worth about $201,000. BNP Paribas Financial Markets raised its holdings in shares of ROBO Global Robotics & Automation ETF by 361.4% in the 1st quarter. BNP Paribas Financial Markets now owns 1,495 shares of the company’s stock worth $88,000 after purchasing an additional 1,171 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of ROBO Global Robotics & Automation ETF by 6.3% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 14,882 shares of the company’s stock valued at $853,000 after purchasing an additional 882 shares in the last quarter.

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.