ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sets New 52-Week Low – Here’s Why

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $48.78 and last traded at $48.93, with a volume of 121817 shares trading hands. The stock had previously closed at $52.03.

ROBO Global Robotics & Automation ETF Price Performance

The stock’s 50 day moving average price is $57.09 and its two-hundred day moving average price is $56.90. The firm has a market capitalization of $881.47 million, a price-to-earnings ratio of 22.69 and a beta of 1.26.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of ROBO Global Robotics & Automation ETF by 12.8% during the third quarter. JPMorgan Chase & Co. now owns 3,616 shares of the company’s stock valued at $206,000 after buying an additional 411 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in ROBO Global Robotics & Automation ETF in the 4th quarter valued at approximately $38,000. Silverleafe Capital Partners LLC lifted its position 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 worth $3,561,000 after acquiring an additional 3,023 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF during the 4th quarter worth approximately $2,061,000. Finally, AlphaMark Advisors LLC increased its position in shares of ROBO Global Robotics & Automation ETF by 56.7% during 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 period.

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.