ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Hits New 52-Week High – Here’s What Happened

Shares of ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) hit a new 52-week high on Tuesday . The stock traded as high as $140.16 and last traded at $139.64, with a volume of 39304 shares. The stock had previously closed at $136.25.

ARK Autonomous Technology & Robotics ETF Stock Performance

The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 32.86 and a beta of 1.40. The company’s fifty day simple moving average is $124.63 and its two-hundred day simple moving average is $121.25.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors acquired a new position in shares of ARK Autonomous Technology & Robotics ETF in the 2nd quarter worth approximately $376,000. Arkadios Wealth Advisors grew its position 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 acquired a new position in shares of ARK Autonomous Technology & Robotics ETF in the 3rd quarter worth approximately $127,000. Russell Investments Group Ltd. boosted its holdings in shares of ARK Autonomous Technology & Robotics ETF by 24.7% in the 4th quarter. Russell Investments Group Ltd. now owns 671 shares of the company’s stock valued at $77,000 after buying an additional 133 shares during the period. Finally, Atlas Wealth LLC acquired a new position in shares of ARK Autonomous Technology & Robotics ETF in the 1st quarter valued at about $76,000.

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.