ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sets New 52-Week High – Should You Buy?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $87.60 and last traded at $87.49, with a volume of 203312 shares. The stock had previously closed at $85.24.

ROBO Global Robotics & Automation ETF Stock Up 2.4%

The company’s 50 day moving average price is $76.74 and its 200 day moving average price is $73.49. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 23.13 and a beta of 1.39.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its position in ROBO Global Robotics & Automation ETF by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 6,100 shares of the company’s stock valued at $417,000 after purchasing an additional 295 shares during the period. Strive Financial Group LLC acquired a new position in ROBO Global Robotics & Automation ETF during the fourth quarter valued at $264,000. Advisory Services Network LLC lifted its position in ROBO Global Robotics & Automation ETF by 1,820.6% during the fourth quarter. Advisory Services Network LLC now owns 11,831 shares of the company’s stock valued at $820,000 after purchasing an additional 11,215 shares during the period. Atlas Capital Advisors Inc. acquired a new position in ROBO Global Robotics & Automation ETF during the fourth quarter valued at $39,000. Finally, Beck Capital Management LLC lifted its position in ROBO Global Robotics & Automation ETF by 4.1% during the fourth quarter. Beck Capital Management LLC now owns 10,544 shares of the company’s stock valued at $731,000 after purchasing an additional 419 shares during the period.

ROBO Global Robotics & Automation ETF Company Profile

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.