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

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

ROBO Global Robotics & Automation ETF Price Performance

The business’s 50-day simple moving average is $56.55 and its two-hundred day simple moving average is $56.79. The stock has a market capitalization of $822.65 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in ROBO Global Robotics & Automation ETF by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 3,616 shares of the company’s stock valued at $206,000 after purchasing an additional 411 shares during the period. Silverleafe Capital Partners LLC raised its holdings in shares of ROBO Global Robotics & Automation ETF by 5.0% during 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 during the period. AlphaMark Advisors LLC raised its holdings in shares of ROBO Global Robotics & Automation ETF by 56.7% during the 4th quarter. AlphaMark Advisors LLC now owns 2,695 shares of the company’s stock valued at $152,000 after buying an additional 975 shares during the period. SBI Securities Co. Ltd. acquired a new position in ROBO Global Robotics & Automation ETF during the 4th quarter worth approximately $38,000. Finally, OLD Mission Capital LLC purchased a new position in ROBO Global Robotics & Automation ETF in the 4th quarter worth approximately $2,061,000.

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.