iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Hits New 52-Week High – Still a Buy?

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) reached a new 52-week high on Tuesday . The company traded as high as $37.87 and last traded at $37.82, with a volume of 97311 shares changing hands. The stock had previously closed at $37.77.

iShares Robotics and Artificial Intelligence Multisector ETF Trading Up 0.1 %

The stock has a market capitalization of $748.84 million, a P/E ratio of 20.73 and a beta of 1.45. The firm’s fifty day moving average is $35.33 and its 200-day moving average is $33.97.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IRBO. Lynx Investment Advisory bought a new position in iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter worth approximately $25,000. Family Firm Inc. bought a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter worth about $57,000. LRI Investments LLC acquired a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the third quarter worth about $126,000. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter valued at about $128,000. Finally, Comerica Bank grew its position in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 4.4% in the 1st 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.

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.