ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Shares Down 0.3% – Time to Sell?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares fell 0.3% on Monday . The stock traded as low as $56.40 and last traded at $56.72. 62,552 shares traded hands during trading, a decline of 11% from the average session volume of 70,539 shares. The stock had previously closed at $56.91.

ROBO Global Robotics & Automation ETF Stock Performance

The firm has a market cap of $1.29 billion, a PE ratio of 28.27 and a beta of 1.28. The company’s 50-day simple moving average is $54.33 and its two-hundred day simple moving average is $55.42.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Several institutional investors have recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC increased its stake in shares of ROBO Global Robotics & Automation ETF by 1.6% in the 2nd quarter. Crestwood Advisors Group LLC now owns 55,887 shares of the company’s stock worth $3,079,000 after acquiring an additional 879 shares in the last quarter. Curbstone Financial Management Corp boosted its holdings in shares of ROBO Global Robotics & Automation ETF by 1.0% during the 2nd quarter. Curbstone Financial Management Corp now owns 20,830 shares of the company’s stock valued at $1,148,000 after acquiring an additional 200 shares during the last quarter. Burke & Herbert Bank & Trust Co. purchased a new stake in ROBO Global Robotics & Automation ETF during the second quarter valued at approximately $1,111,000. Farther Finance Advisors LLC grew its position in shares of ROBO Global Robotics & Automation ETF by 6.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,109 shares of the company’s stock valued at $443,000 after acquiring an additional 469 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of ROBO Global Robotics & Automation ETF in the second quarter worth about $420,000.

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.