ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume – Time to Buy?

Shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw an uptick in trading volume on Tuesday . 36,010 shares changed hands during mid-day trading, a decline of 38% from the previous session’s volume of 57,722 shares.The stock last traded at $58.46 and had previously closed at $57.93.

ROBO Global Robotics & Automation ETF Trading Down 0.2 %

The firm’s 50-day moving average price is $57.13 and its 200 day moving average price is $55.80. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 28.27 and a beta of 1.28.

Institutional Trading of ROBO Global Robotics & Automation ETF

Several large investors have recently bought and sold shares of ROBO. Ashton Thomas Private Wealth LLC bought a new position in shares of ROBO Global Robotics & Automation ETF in the 2nd quarter valued at $63,000. AlphaMark Advisors LLC boosted its holdings in ROBO Global Robotics & Automation ETF by 286.5% in the third quarter. AlphaMark Advisors LLC now owns 1,720 shares of the company’s stock valued at $98,000 after acquiring an additional 1,275 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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 worth $206,000 after purchasing an additional 411 shares during the period. Marshall Wace LLP bought a new stake in shares of ROBO Global Robotics & Automation ETF in the 2nd quarter valued at $420,000. Finally, Valley Wealth Managers Inc. raised its holdings in shares of ROBO Global Robotics & Automation ETF by 0.8% during the third quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock valued at $2,173,000 after purchasing an additional 294 shares during the period.

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.