ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Large Volume Increase – Here’s Why

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw unusually-strong trading volume on Tuesday . 242,166 shares changed hands during trading, an increase of 7% from the previous session’s volume of 226,640 shares.The stock last traded at $85.11 and had previously closed at $83.40.

ROBO Global Robotics & Automation ETF Price Performance

The business’s 50 day simple moving average is $84.25 and its 200 day simple moving average is $76.79. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 23.13 and a beta of 1.40.

Institutional Trading of ROBO Global Robotics & Automation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Archer Investment Corp purchased a new position in shares of ROBO Global Robotics & Automation ETF in the 4th quarter valued at approximately $30,000. Atlas Capital Advisors Inc. acquired a new position in shares of ROBO Global Robotics & Automation ETF in the fourth quarter valued at approximately $39,000. Strive Financial Group LLC purchased a new stake in shares of ROBO Global Robotics & Automation ETF during the fourth quarter worth approximately $264,000. NewEdge Advisors LLC raised its stake in shares of ROBO Global Robotics & Automation ETF by 593.3% during the first quarter. NewEdge Advisors LLC now owns 6,441 shares of the company’s stock worth $332,000 after purchasing an additional 5,512 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of ROBO Global Robotics & Automation ETF by 280.8% during the second quarter. JPMorgan Chase & Co. now owns 6,006 shares of the company’s stock worth $359,000 after purchasing an additional 4,429 shares during the period.

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.