iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Hits New 12-Month High – Still a Buy?

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBOGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $39.14 and last traded at $39.08, with a volume of 242258 shares changing hands. The stock had previously closed at $38.51.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Up 1.5 %

The stock has a 50-day moving average of $36.08 and a 200 day moving average of $34.23. The stock has a market cap of $773.78 million, a PE ratio of 20.73 and a beta of 1.45.

Institutional Investors Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

Several hedge funds have recently bought and sold shares of the stock. Family Firm Inc. acquired a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter worth approximately $57,000. Farther Finance Advisors LLC raised its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 179.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 17,942 shares of the company’s stock worth $594,000 after buying an additional 11,527 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter worth approximately $128,000. Flow Traders U.S. LLC raised its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 131.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 130,177 shares of the company’s stock worth $4,457,000 after buying an additional 73,873 shares during the period. Finally, LRI Investments LLC acquired a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the 3rd quarter valued at $126,000.

About iShares Robotics and Artificial Intelligence Multisector ETF

(Get Free Report)

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.

Further Reading

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