iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Hits New 1-Year High – Here’s Why

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBOGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $36.07 and last traded at $35.43, with a volume of 76727 shares. The stock had previously closed at $36.15.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Up 0.6 %

The company has a market capitalization of $705.08 million, a price-to-earnings ratio of 20.73 and a beta of 1.45. The stock has a fifty day moving average price of $33.56 and a two-hundred day moving average price of $33.39.

Institutional Investors Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IRBO. Lynx Investment Advisory acquired a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter valued at $25,000. Adirondack Trust Co. acquired a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter valued at about $50,000. Farmers & Merchants Investments Inc. acquired a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 1st quarter valued at about $56,000. Family Firm Inc. purchased a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter worth about $57,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter worth approximately $128,000.

iShares Robotics and Artificial Intelligence Multisector ETF Company Profile

(Get Free Report)

The iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equal-weighted index of global equities involved in robotics and artificial intelligence. IRBO was launched on Jun 26, 2018 and is managed by BlackRock.

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