ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares saw an uptick in trading volume on Friday . 83,466 shares were traded during mid-day trading, an increase of 22% from the previous session’s volume of 68,378 shares.The stock last traded at $55.24 and had previously closed at $54.93.

ROBO Global Robotics & Automation ETF Trading Up 0.3 %

The firm has a 50-day simple moving average of $55.74 and a two-hundred day simple moving average of $56.21. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 28.27 and a beta of 1.28.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ROBO. Atlas Capital Advisors LLC acquired a new position in shares of ROBO Global Robotics & Automation ETF during the 1st quarter valued at about $33,000. BNP Paribas Financial Markets increased its holdings in shares of ROBO Global Robotics & Automation ETF by 361.4% during the 1st quarter. BNP Paribas Financial Markets now owns 1,495 shares of the company’s stock valued at $88,000 after acquiring an additional 1,171 shares during the last quarter. Crescent Grove Advisors LLC acquired a new position in shares of ROBO Global Robotics & Automation ETF during the 4th quarter valued at about $201,000. Accordant Advisory Group Inc acquired a new position in shares of ROBO Global Robotics & Automation ETF during the 1st quarter valued at about $274,000. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of ROBO Global Robotics & Automation ETF by 6.3% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 14,882 shares of the company’s stock valued at $853,000 after acquiring an additional 882 shares during the last quarter.

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.