iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Sets New 12-Month High – What’s Next?

Posted by Matthew Steigler on Nov 19th, 2024

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $35.46 and last traded at $35.29, with a volume of 114180 shares changing hands. The stock had previously closed at $35.11.

iShares Robotics and Artificial Intelligence Multisector ETF Price Performance

The stock has a market cap of $698.74 million, a P/E ratio of 20.73 and a beta of 1.45. The firm’s fifty day moving average price is $34.57 and its two-hundred day moving average price is $33.76.

Hedge Funds Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank boosted its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 4.4% during the first quarter. Comerica Bank now owns 12,135 shares of the company’s stock valued at $417,000 after purchasing an additional 512 shares during the period. Adirondack Trust Co. bought a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter valued at about $50,000. Lynx Investment Advisory purchased a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter worth $25,000. Strategic Advocates LLC purchased a new position in iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter valued at $509,000. Finally, Tsfg LLC increased its holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 128.2% in the 2nd quarter. Tsfg LLC now owns 26,476 shares of the company’s stock worth $879,000 after acquiring an additional 14,873 shares in the last quarter.

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.