ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Large Volume Increase – What’s Next?

Shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw unusually-strong trading volume on Wednesday . Approximately 50,671 shares were traded during trading, a decline of 20% from the previous session’s volume of 63,648 shares.The stock last traded at $60.53 and had previously closed at $60.13.

ROBO Global Robotics & Automation ETF Stock Up 0.6 %

The firm has a 50 day moving average price of $57.26 and a 200 day moving average price of $55.99. The stock has a market cap of $1.39 billion, a PE ratio of 28.27 and a beta of 1.28.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AlphaMark Advisors LLC grew its stake in ROBO Global Robotics & Automation ETF by 56.7% in the fourth quarter. AlphaMark Advisors LLC now owns 2,695 shares of the company’s stock valued at $152,000 after purchasing an additional 975 shares during the last quarter. Silverleafe Capital Partners LLC boosted its holdings in shares of ROBO Global Robotics & Automation ETF by 5.0% in the 4th quarter. Silverleafe Capital Partners LLC now owns 63,289 shares of the company’s stock valued at $3,561,000 after buying an additional 3,023 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of ROBO Global Robotics & Automation ETF by 12.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,616 shares of the company’s stock worth $206,000 after buying an additional 411 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF in the 3rd quarter worth approximately $4,759,000. Finally, Valley Wealth Managers Inc. raised its stake in shares of ROBO Global Robotics & Automation ETF by 0.8% during the 3rd quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock worth $2,173,000 after acquiring an additional 294 shares in the last quarter.

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.