ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sets New 12-Month High – Here’s Why

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) reached a new 52-week high during trading on Wednesday . The company traded as high as $78.11 and last traded at $77.99, with a volume of 70150 shares. The stock had previously closed at $77.14.

ROBO Global Robotics & Automation ETF Stock Performance

The firm has a 50-day moving average price of $72.52 and a 200-day moving average price of $68.46. The stock has a market cap of $1.61 billion, a PE ratio of 23.13 and a beta of 1.29.

ROBO Global Robotics & Automation ETF Dividend Announcement

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

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Institutional investors have recently made changes to their positions in the company. Archer Investment Corp bought a new stake in shares of ROBO Global Robotics & Automation ETF during the fourth quarter valued at approximately $30,000. Crews Bank & Trust boosted its stake in ROBO Global Robotics & Automation ETF by 354.0% during the 3rd quarter. Crews Bank & Trust now owns 454 shares of the company’s stock valued at $30,000 after purchasing an additional 354 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of ROBO Global Robotics & Automation ETF in the 4th quarter worth $39,000. Cloud Capital Management LLC bought a new stake in shares of ROBO Global Robotics & Automation ETF in the 3rd quarter worth $38,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of ROBO Global Robotics & Automation ETF by 2,118.6% in the third quarter. GPS Wealth Strategies Group LLC now owns 2,263 shares of the company’s stock worth $148,000 after purchasing an additional 2,161 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.