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

Shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw strong trading volume on Wednesday . Approximately 224,585 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 210,696 shares.The stock last traded at $77.9770 and had previously closed at $77.25.

ROBO Global Robotics & Automation ETF Price Performance

The company has a market capitalization of $1.96 billion, a P/E ratio of 23.13 and a beta of 1.41. The business’s 50-day moving average price is $80.49 and its two-hundred day moving average price is $79.89.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Beck Capital Management LLC raised its holdings 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 worth $731,000 after acquiring an additional 419 shares in the last quarter. Janney Montgomery Scott LLC boosted 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 last quarter. Noble Wealth Management PBC grew its stake in ROBO Global Robotics & Automation ETF by 105.6% in the second quarter. Noble Wealth Management PBC now owns 4,688 shares of the company’s stock valued at $402,000 after purchasing an additional 2,408 shares in the last quarter. Capital Square LLC bought a new position in ROBO Global Robotics & Automation ETF in the second quarter valued at approximately $276,000. Finally, Allied Private Wealth LLC acquired a new position in shares of ROBO Global Robotics & Automation ETF during the 2nd quarter worth approximately $81,000.

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.