ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Trading Up 3.9% – Here’s Why

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ)’s share price traded up 3.9% during trading on Monday . The company traded as high as $128.54 and last traded at $128.39. Approximately 257,613 shares changed hands during trading, an increase of 8% from the average session volume of 239,606 shares. The stock had previously closed at $123.60.

ARK Autonomous Technology & Robotics ETF Trading Up 3.9%

The firm has a 50-day moving average of $132.29 and a two-hundred day moving average of $125.21. The firm has a market capitalization of $1.57 billion, a P/E ratio of 32.86 and a beta of 1.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of ARK Autonomous Technology & Robotics ETF in the 3rd quarter valued at approximately $37,000. Russell Investments Group Ltd. increased its position in ARK Autonomous Technology & Robotics ETF by 258.7% during 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 in the last quarter. Atlas Wealth LLC acquired a new position in ARK Autonomous Technology & Robotics ETF during the 1st quarter worth approximately $76,000. FWL Investment Management LLC bought a new position in ARK Autonomous Technology & Robotics ETF in the 2nd quarter valued at approximately $61,000. Finally, Triumph Capital Management bought a new position in ARK Autonomous Technology & Robotics ETF in the 3rd quarter valued at approximately $127,000.

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.