Pinnacle Wealth Management Advisory Group LLC Raises Stock Holdings in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO)

Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,882 shares of the company’s stock after purchasing an additional 882 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC owned 0.06% of ROBO Global Robotics & Automation ETF worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Crescent Grove Advisors LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF during the 4th quarter valued at about $201,000. Bank of New York Mellon Corp lifted its holdings in shares of ROBO Global Robotics & Automation ETF by 16.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 15,715 shares of the company’s stock worth $791,000 after acquiring an additional 2,254 shares during the last quarter. SOL Capital Management CO boosted its stake in shares of ROBO Global Robotics & Automation ETF by 1.1% in the 4th quarter. SOL Capital Management CO now owns 24,219 shares of the company’s stock valued at $1,388,000 after purchasing an additional 275 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in shares of ROBO Global Robotics & Automation ETF during the 3rd quarter valued at $2,461,000. Finally, Valley Wealth Managers Inc. purchased a new position in ROBO Global Robotics & Automation ETF in the 3rd quarter worth $2,861,000.

ROBO Global Robotics & Automation ETF Price Performance

NYSEARCA ROBO traded up $0.07 during trading on Wednesday, hitting $56.58. 51,363 shares of the company’s stock traded hands, compared to its average volume of 71,104. The firm has a market cap of $1.29 billion, a P/E ratio of 28.27 and a beta of 1.28. The stock has a fifty day moving average of $56.67 and a two-hundred day moving average of $54.65. ROBO Global Robotics & Automation ETF has a 12-month low of $45.42 and a 12-month high of $60.29.

ROBO Global Robotics & Automation ETF Profile

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.