ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Sets New 52-Week Low – Here’s Why

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ)’s stock price reached a new 52-week low on Thursday. The stock traded as low as $98.24 and last traded at $100.9650, with a volume of 82,875 shares trading hands. The stock had previously closed at $107.74.

ARK Autonomous Technology & Robotics ETF Price Performance

The stock has a market cap of $1.23 billion, a P/E ratio of 32.86 and a beta of 1.40. The stock has a 50-day simple moving average of $119.64 and a 200-day simple moving average of $123.93.

Institutional Investors Weigh In On ARK Autonomous Technology & Robotics ETF

A number of hedge funds have recently made changes to their positions in ARKQ. Continuum Advisory LLC bought a new position in ARK Autonomous Technology & Robotics ETF in the 2nd quarter valued at approximately $26,000. Atlas Wealth LLC bought a new stake in shares of ARK Autonomous Technology & Robotics ETF during the first quarter worth $76,000. Root Financial Partners LLC bought a new stake in shares of ARK Autonomous Technology & Robotics ETF during the third quarter worth $85,000. Valeo Financial Advisors LLC acquired a new position in shares of ARK Autonomous Technology & Robotics ETF during the second quarter worth $202,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of ARK Autonomous Technology & Robotics ETF during the third quarter worth $221,000.

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.