ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Stock Price Down 1.7% – Should You Sell?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) shares dropped 1.7% on Wednesday . The company traded as low as $76.96 and last traded at $77.25. Approximately 133,598 shares changed hands during trading, The stock had previously closed at $78.55.

ARK Autonomous Technology & Robotics ETF Price Performance

The firm’s fifty day moving average is $72.81 and its two-hundred day moving average is $62.55. The firm has a market capitalization of $1.23 billion, a PE ratio of 28.71 and a beta of 1.56.

Hedge Funds Weigh In On ARK Autonomous Technology & Robotics ETF

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position in ARK Autonomous Technology & Robotics ETF by 56.3% in the third quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of ARK Autonomous Technology & Robotics ETF during the 2nd quarter worth $122,000. JPMorgan Chase & Co. boosted its holdings in shares of ARK Autonomous Technology & Robotics ETF by 10.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,715 shares of the company’s stock worth $1,506,000 after buying an additional 2,313 shares during the last quarter. Heritage Wealth Management Inc. bought a new position in ARK Autonomous Technology & Robotics ETF during the second quarter valued at about $215,000. Finally, Strategic Blueprint LLC purchased a new stake in ARK Autonomous Technology & Robotics ETF during the third quarter worth about $228,000.

ARK Autonomous Technology & Robotics ETF Company Profile

The ARK Autonomous Technology & Robotics ETF (ARKQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund with a broad mandate to invest in companies that its managers identify as benefiting from automation and other technological advancements.