iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Sets New 12-Month High – Should You Buy?

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $36.07 and last traded at $35.43, with a volume of 76727 shares. The stock had previously closed at $36.15.

iShares Robotics and Artificial Intelligence Multisector ETF Price Performance

The stock has a fifty day simple moving average of $33.39 and a two-hundred day simple moving average of $33.37. The firm has a market capitalization of $701.51 million, a P/E ratio of 20.73 and a beta of 1.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lynx Investment Advisory acquired a new position in iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter worth approximately $25,000. Adirondack Trust Co. bought a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter worth $50,000. Farmers & Merchants Investments Inc. acquired a new stake in iShares Robotics and Artificial Intelligence Multisector ETF in the 1st quarter valued at $56,000. Family Firm Inc. acquired a new stake in iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter valued at $57,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter valued at $128,000.

iShares Robotics and Artificial Intelligence Multisector ETF Company Profile

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.