VanEck Robotics ETF (NASDAQ:IBOT) Stock Price Up 1.1% – What’s Next?

VanEck Robotics ETF (NASDAQ:IBOT)’s share price was up 1.1% during trading on Tuesday . The company traded as high as $68.39 and last traded at $67.92. Approximately 7,869 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 19,001 shares. The stock had previously closed at $67.15.

VanEck Robotics ETF Stock Up 1.1%

The business has a 50-day moving average price of $65.68 and a two-hundred day moving average price of $61.54. The company has a market capitalization of $101.88 million, a price-to-earnings ratio of 27.21 and a beta of 1.37.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of VanEck Robotics ETF in the 1st quarter worth about $256,000. First Heartland Consultants Inc. bought a new stake in VanEck Robotics ETF during the 2nd quarter worth approximately $420,000. Finally, Accel Wealth Management raised its stake in shares of VanEck Robotics ETF by 30.4% in the second quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock worth $1,009,000 after purchasing an additional 3,420 shares during the last quarter.

VanEck Robotics ETF Company Profile

The Vaneck Robotics ETF (IBOT) is an exchange-traded fund that is based on the BlueStar Robotics index. The fund tracks an index designed to provide exposure to companies involved in early adoption of commercial and industrial robotics, globally. Stocks are selected based on the amount of revenue tied to the theme IBOT was launched on Apr 5, 2023 and is managed by VanEck.