ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Shares Down 2.9% – What’s Next?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ)’s stock price traded down 2.9% during mid-day trading on Wednesday . The stock traded as low as $122.40 and last traded at $123.26. 175,676 shares traded hands during trading, a decline of 29% from the average session volume of 248,069 shares. The stock had previously closed at $126.92.

ARK Autonomous Technology & Robotics ETF Price Performance

The stock has a fifty day moving average of $121.19 and a 200 day moving average of $119.81. The firm has a market capitalization of $1.58 billion, a P/E ratio of 32.86 and a beta of 1.40.

Institutional Trading of ARK Autonomous Technology & Robotics ETF

Hedge funds have recently made changes to their positions in the company. CGC Financial Services LLC bought a new stake in shares of ARK Autonomous Technology & Robotics ETF in the third quarter valued at $31,000. Bessemer Group Inc. raised its stake in shares of ARK Autonomous Technology & Robotics ETF by 2,333.3% in the third quarter. Bessemer Group Inc. now owns 292 shares of the company’s stock valued at $32,000 after buying an additional 280 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in shares of ARK Autonomous Technology & Robotics ETF in the third quarter valued at $37,000. Russell Investments Group Ltd. raised its stake in shares of ARK Autonomous Technology & Robotics ETF by 258.7% in the third quarter. Russell Investments Group Ltd. now owns 538 shares of the company’s stock valued at $60,000 after buying an additional 388 shares during the period. Finally, FWL Investment Management LLC bought a new stake in shares of ARK Autonomous Technology & Robotics ETF in the second quarter valued at $61,000.

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. ARKQ was launched on Sep 30, 2014 and is managed by ARK.