ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $59.84 and traded as high as $78.16. ARK Autonomous Technology & Robotics ETF shares last traded at $76.81, with a volume of 115,557 shares trading hands.

ARK Autonomous Technology & Robotics ETF Price Performance

The company has a market capitalization of $1.22 billion, a P/E ratio of 28.71 and a beta of 1.56. The firm’s 50-day moving average is $67.46 and its 200-day moving average is $59.96.

Institutional Investors Weigh In On ARK Autonomous Technology & Robotics ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in shares of ARK Autonomous Technology & Robotics ETF by 3.3% in the second quarter. First Horizon Advisors Inc. now owns 7,911 shares of the company’s stock worth $436,000 after purchasing an additional 252 shares during the period. Farther Finance Advisors LLC raised its position in shares of ARK Autonomous Technology & Robotics ETF by 56.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. Fairscale Capital LLC purchased a new position in shares of ARK Autonomous Technology & Robotics ETF during the 2nd quarter valued at $122,000. Strategic Blueprint LLC bought a new position in ARK Autonomous Technology & Robotics ETF in the 3rd quarter worth $228,000. Finally, Highline Wealth Partners LLC purchased a new stake in ARK Autonomous Technology & Robotics ETF in the 3rd quarter worth $421,000.

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.