ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Hits New 12-Month High – What’s Next?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) reached a new 52-week high on Wednesday . The stock traded as high as $71.45 and last traded at $71.6380, with a volume of 62978 shares trading hands. The stock had previously closed at $70.90.

ROBO Global Robotics & Automation ETF Stock Down 2.0%

The company has a market cap of $1.26 billion, a price-to-earnings ratio of 23.13 and a beta of 1.29. The business has a 50-day simple moving average of $68.18 and a two-hundred day simple moving average of $63.99.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crews Bank & Trust raised its position in shares of ROBO Global Robotics & Automation ETF by 354.0% in the third quarter. Crews Bank & Trust now owns 454 shares of the company’s stock valued at $30,000 after purchasing an additional 354 shares during the period. Cloud Capital Management LLC acquired a new position in ROBO Global Robotics & Automation ETF during the 3rd quarter worth $38,000. GPS Wealth Strategies Group LLC lifted its position in ROBO Global Robotics & Automation ETF by 2,118.6% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 2,263 shares of the company’s stock worth $148,000 after acquiring an additional 2,161 shares during the last quarter. Western Wealth Management LLC bought a new stake in ROBO Global Robotics & Automation ETF during the second quarter valued at about $201,000. Finally, Fiduciary Alliance LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF in the third quarter valued at about $214,000.

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.