iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Shares Up 1.1%

Shares of iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) shot up 1.1% during trading on Friday . The company traded as high as $33.32 and last traded at $33.24. 165,432 shares changed hands during trading, an increase of 31% from the average session volume of 126,516 shares. The stock had previously closed at $32.88.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Performance

The company has a market capitalization of $658.15 million, a P/E ratio of 20.73 and a beta of 1.45. The firm’s fifty day moving average is $33.68 and its 200 day moving average is $33.56.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Strategic Advocates LLC purchased a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter worth about $509,000. Tsfg LLC grew its stake in iShares Robotics and Artificial Intelligence Multisector ETF by 128.2% in the 2nd quarter. Tsfg LLC now owns 26,476 shares of the company’s stock worth $879,000 after acquiring an additional 14,873 shares in the last quarter. PVG Asset Management Corp bought a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the 4th quarter worth about $368,000. First Horizon Advisors Inc. increased its position in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 217.5% during the fourth quarter. First Horizon Advisors Inc. now owns 9,318 shares of the company’s stock worth $321,000 after acquiring an additional 6,383 shares during the period. Finally, Family Firm Inc. bought a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter valued at approximately $57,000.

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.