ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Large Volume Increase – Still a Buy?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw unusually-high trading volume on Friday . Approximately 844,679 shares changed hands during trading, an increase of 192% from the previous session’s volume of 289,090 shares.The stock last traded at $72.70 and had previously closed at $73.62.

ROBO Global Robotics & Automation ETF Stock Performance

The stock has a market capitalization of $1.50 billion, a P/E ratio of 23.13 and a beta of 1.29. The firm has a 50-day moving average price of $70.81 and a 200 day moving average price of $67.21.

ROBO Global Robotics & Automation ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a $0.2922 dividend. This represents a dividend yield of 42.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Trading of ROBO Global Robotics & Automation ETF

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF in the third quarter worth about $3,278,000. Strategic Blueprint LLC purchased a new position in ROBO Global Robotics & Automation ETF in the 3rd quarter worth approximately $2,839,000. Fortis Group Advisors LLC lifted its position in ROBO Global Robotics & Automation ETF by 3,628.9% in the third quarter. Fortis Group Advisors LLC now owns 18,719 shares of the company’s stock valued at $1,301,000 after purchasing an additional 18,217 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of ROBO Global Robotics & Automation ETF by 424.1% during the third quarter. NewEdge Advisors LLC now owns 7,814 shares of the company’s stock valued at $512,000 after purchasing an additional 6,323 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of ROBO Global Robotics & Automation ETF by 280.8% in the second quarter. JPMorgan Chase & Co. now owns 6,006 shares of the company’s stock worth $359,000 after purchasing an additional 4,429 shares during the last quarter.

About ROBO Global Robotics & Automation ETF

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.