iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Sets New 52-Week High – Here’s Why

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.83 and last traded at $37.41, with a volume of 144287 shares traded. The stock had previously closed at $37.18.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Performance

The stock has a fifty day simple moving average of $34.86 and a two-hundred day simple moving average of $33.83. The stock has a market capitalization of $740.72 million, a price-to-earnings ratio of 20.73 and a beta of 1.45.

Institutional Investors Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in iShares Robotics and Artificial Intelligence Multisector ETF by 179.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 17,942 shares of the company’s stock valued at $594,000 after purchasing an additional 11,527 shares during the last quarter. Comerica Bank boosted its position 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 buying an additional 512 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter worth $128,000. Family Firm Inc. purchased a new stake in iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter valued at $57,000. Finally, Tsfg LLC lifted its stake 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 valued at $879,000 after acquiring an additional 14,873 shares in the last quarter.

About iShares Robotics and Artificial Intelligence Multisector ETF

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.