ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume – Still a Buy?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares saw an uptick in trading volume on Wednesday . 50,671 shares changed hands during trading, a decline of 20% from the previous session’s volume of 63,648 shares.The stock last traded at $60.53 and had previously closed at $60.13.

ROBO Global Robotics & Automation ETF Stock Performance

The business’s 50 day moving average price is $57.14 and its 200-day moving average price is $55.93. The firm has a market capitalization of $1.38 billion, a PE ratio of 28.27 and a beta of 1.28.

Institutional Trading of ROBO Global Robotics & Automation ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC increased its stake in 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 worth $3,561,000 after buying an additional 3,023 shares during the period. AlphaMark Advisors LLC increased its position in shares of ROBO Global Robotics & Automation ETF by 286.5% during the third quarter. AlphaMark Advisors LLC now owns 1,720 shares of the company’s stock worth $98,000 after acquiring an additional 1,275 shares during the period. Valley Wealth Managers Inc. raised its stake in shares of ROBO Global Robotics & Automation ETF by 0.8% in the third quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock valued at $2,173,000 after acquiring an additional 294 shares in the last quarter. Marshall Wace LLP purchased a new position in ROBO Global Robotics & Automation ETF in the second quarter valued at $420,000. Finally, Flow Traders U.S. LLC acquired a new position in ROBO Global Robotics & Automation ETF during the 3rd quarter worth $4,759,000.

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.