ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Hits New 1-Year High – Should You Buy?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ)’s stock price reached a new 52-week high on Monday . The stock traded as high as $135.39 and last traded at $135.38, with a volume of 38466 shares changing hands. The stock had previously closed at $134.87.

ARK Autonomous Technology & Robotics ETF Trading Up 1.7%

The stock has a market cap of $1.68 billion, a P/E ratio of 32.86 and a beta of 1.40. The stock’s fifty day moving average price is $121.57 and its 200 day moving average price is $120.06.

Institutional Trading of ARK Autonomous Technology & Robotics ETF

A number of hedge funds have recently modified their holdings of ARKQ. CGC Financial Services LLC bought a new stake in shares of ARK Autonomous Technology & Robotics ETF during the 3rd quarter valued at $31,000. Bessemer Group Inc. boosted its holdings in shares of ARK Autonomous Technology & Robotics ETF by 2,333.3% during the 3rd quarter. Bessemer Group Inc. now owns 292 shares of the company’s stock valued at $32,000 after buying an additional 280 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of ARK Autonomous Technology & Robotics ETF in the 3rd quarter worth about $37,000. Russell Investments Group Ltd. raised its position in shares of ARK Autonomous Technology & Robotics ETF by 258.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 538 shares of the company’s stock worth $60,000 after purchasing an additional 388 shares during the last quarter. Finally, FWL Investment Management LLC purchased a new position in shares of ARK Autonomous Technology & Robotics ETF in the 2nd quarter worth about $61,000.

About ARK Autonomous Technology & Robotics ETF

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. ARKQ was launched on Sep 30, 2014 and is managed by ARK.