iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Hits New 52-Week High – Here’s What Happened

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $36.41 and last traded at $36.29, with a volume of 113466 shares trading hands. The stock had previously closed at $36.40.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Down 0.3 %

The company has a market cap of $718.54 million, a price-to-earnings ratio of 20.73 and a beta of 1.45. The business’s fifty day simple moving average is $34.21 and its two-hundred day simple moving average is $33.65.

Institutional Investors Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

Institutional investors have recently made changes to their positions in the stock. Lynx Investment Advisory purchased a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter valued at approximately $25,000. Adirondack Trust Co. bought a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter valued at about $50,000. Family Firm Inc. bought a new stake in iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter worth about $57,000. Ashton Thomas Private Wealth LLC acquired a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter worth about $128,000. Finally, Comerica Bank grew its stake in iShares Robotics and Artificial Intelligence Multisector ETF by 4.4% during the 1st quarter. Comerica Bank now owns 12,135 shares of the company’s stock valued at $417,000 after acquiring an additional 512 shares in the last quarter.

About iShares Robotics and Artificial Intelligence Multisector ETF

The iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equal-weighted index of global equities involved in robotics and artificial intelligence. IRBO was launched on Jun 26, 2018 and is managed by BlackRock.