VanEck Robotics ETF (NASDAQ:IBOT) Trading Down 0.7% – Here’s What Happened

Shares of VanEck Robotics ETF (NASDAQ:IBOT) fell 0.7% during trading on Monday . The stock traded as low as $62.71 and last traded at $62.86. Approximately 16,263 shares changed hands during trading, a decline of 17% from the average daily volume of 19,548 shares. The stock had previously closed at $63.31.

VanEck Robotics ETF Price Performance

The stock has a market capitalization of $94.94 million, a price-to-earnings ratio of 27.21 and a beta of 1.35. The business has a fifty day moving average of $65.74 and a 200 day moving average of $60.51.

Hedge Funds Weigh In On VanEck Robotics ETF

Several large investors have recently modified their holdings of IBOT. Accel Wealth Management raised its holdings in VanEck Robotics ETF by 8.8% in the 4th quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock valued at $519,000 after buying an additional 800 shares during the period. First Heartland Consultants Inc. acquired a new position in VanEck Robotics ETF in the second quarter valued at about $420,000. Finally, Jane Street Group LLC purchased a new position in VanEck Robotics ETF during the first quarter worth about $256,000.

VanEck Robotics ETF Company Profile

The Vaneck Robotics ETF (IBOT) is an exchange-traded fund that is based on the BlueStar Robotics index. The fund tracks an index designed to provide exposure to companies involved in early adoption of commercial and industrial robotics, globally. Stocks are selected based on the amount of revenue tied to the theme IBOT was launched on Apr 5, 2023 and is managed by VanEck.