ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Reaches New 52-Week High – Time to Buy?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $59.78 and last traded at $59.78, with a volume of 46605 shares trading hands. The stock had previously closed at $58.26.

ROBO Global Robotics & Automation ETF Trading Up 3.1 %

The business has a 50-day moving average of $57.14 and a 200 day moving average of $55.93. The firm has a market capitalization of $1.37 billion, a P/E ratio of 28.27 and a beta of 1.28.

Institutional Trading of ROBO Global Robotics & Automation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new stake in shares of ROBO Global Robotics & Automation ETF during the second quarter worth about $420,000. AlphaMark Advisors LLC increased its holdings in ROBO Global Robotics & Automation ETF by 286.5% during the 3rd quarter. AlphaMark Advisors LLC now owns 1,720 shares of the company’s stock worth $98,000 after purchasing an additional 1,275 shares in the last quarter. Valley Wealth Managers Inc. raised its stake in shares of ROBO Global Robotics & Automation ETF by 0.8% in the third quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock worth $2,173,000 after purchasing an additional 294 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of ROBO Global Robotics & Automation ETF in the third quarter valued at approximately $4,759,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of ROBO Global Robotics & Automation ETF by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 3,616 shares of the company’s stock valued at $206,000 after purchasing an additional 411 shares in 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.