ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Shares Down 1.3% – Here’s Why

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ)’s stock price dropped 1.3% on Friday . The company traded as low as $124.13 and last traded at $124.97. Approximately 188,359 shares were traded during trading, a decline of 47% from the average daily volume of 353,010 shares. The stock had previously closed at $126.63.

ARK Autonomous Technology & Robotics ETF Stock Performance

The stock’s 50 day simple moving average is $123.38 and its 200 day simple moving average is $114.12. The firm has a market cap of $1.53 billion, a P/E ratio of 32.86 and a beta of 1.40.

ARK Autonomous Technology & Robotics ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.3059 dividend. This represents a dividend yield of 26.0%. The ex-dividend date was Friday, December 26th.

Institutional Trading of ARK Autonomous Technology & Robotics ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in shares of ARK Autonomous Technology & Robotics ETF by 7.8% during the fourth quarter. NewEdge Advisors LLC now owns 8,118 shares of the company’s stock valued at $931,000 after buying an additional 584 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in ARK Autonomous Technology & Robotics ETF by 24.7% during the 4th quarter. Russell Investments Group Ltd. now owns 671 shares of the company’s stock worth $77,000 after acquiring an additional 133 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of ARK Autonomous Technology & Robotics ETF by 6.7% in the 4th quarter. Arkadios Wealth Advisors now owns 2,122 shares of the company’s stock worth $243,000 after acquiring an additional 134 shares in the last quarter. Triumph Capital Management raised its holdings in shares of ARK Autonomous Technology & Robotics ETF by 48.0% in the fourth quarter. Triumph Capital Management now owns 1,678 shares of the company’s stock valued at $192,000 after purchasing an additional 544 shares during the last quarter. Finally, Strategic Advocates LLC lifted its position in shares of ARK Autonomous Technology & Robotics ETF by 2.0% during the fourth quarter. Strategic Advocates LLC now owns 19,947 shares of the company’s stock valued at $2,304,000 after purchasing an additional 386 shares in the last quarter.

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.