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

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $35.43 and last traded at $35.15, with a volume of 47720 shares. The stock had previously closed at $35.13.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Performance

The company has a fifty day simple moving average of $33.99 and a two-hundred day simple moving average of $33.48. The stock has a market capitalization of $683.10 million, a price-to-earnings ratio of 20.73 and a beta of 1.45.

Institutional Trading of iShares Robotics and Artificial Intelligence Multisector ETF

A number of hedge funds have recently added to or reduced their stakes in IRBO. Strategic Advocates LLC acquired a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter worth $509,000. Tsfg LLC lifted its holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 128.2% during the 2nd quarter. Tsfg LLC now owns 26,476 shares of the company’s stock worth $879,000 after buying an additional 14,873 shares during the period. Farther Finance Advisors LLC grew its position in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 179.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 17,942 shares of the company’s stock valued at $594,000 after buying an additional 11,527 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter valued at about $128,000. Finally, Family Firm Inc. bought a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter worth about $57,000.

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.