ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Hits New 52-Week High – What’s Next?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) reached a new 52-week high during trading on Friday . The stock traded as high as $87.60 and last traded at $87.49, with a volume of 203312 shares trading hands. The stock had previously closed at $85.24.

ROBO Global Robotics & Automation ETF Stock Up 3.1%

The company’s fifty day moving average is $76.44 and its two-hundred day moving average is $73.39. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 23.13 and a beta of 1.39.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ROBO. Janney Montgomery Scott LLC raised its stake in shares of ROBO Global Robotics & Automation ETF by 5.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,100 shares of the company’s stock worth $417,000 after buying an additional 295 shares during the last quarter. Beck Capital Management LLC increased its stake in shares of ROBO Global Robotics & Automation ETF by 4.1% during the 4th quarter. Beck Capital Management LLC now owns 10,544 shares of the company’s stock valued at $731,000 after acquiring an additional 419 shares during the last quarter. Archer Investment Corp acquired a new position in shares of ROBO Global Robotics & Automation ETF during the 4th quarter valued at about $30,000. Atlas Capital Advisors Inc. acquired a new stake in ROBO Global Robotics & Automation ETF during the 4th quarter worth approximately $39,000. Finally, Cloud Capital Management LLC acquired a new stake in ROBO Global Robotics & Automation ETF during the 3rd quarter worth approximately $38,000.

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.