ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Unusually-High Trading Volume – What’s Next?

Shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw strong trading volume on Monday . 44,796 shares changed hands during mid-day trading, a decline of 36% from the previous session’s volume of 69,544 shares.The stock last traded at $57.50 and had previously closed at $57.72.

ROBO Global Robotics & Automation ETF Stock Down 0.6 %

The stock has a market capitalization of $1.30 billion, a P/E ratio of 28.27 and a beta of 1.28. The firm has a 50 day simple moving average of $56.93 and a two-hundred day simple moving average of $55.67.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of ROBO Global Robotics & Automation ETF by 6.1% during the second quarter. Farther Finance Advisors LLC now owns 8,109 shares of the company’s stock valued at $443,000 after purchasing an additional 469 shares during the period. Crestwood Advisors Group LLC lifted its position in shares of ROBO Global Robotics & Automation ETF by 1.6% during the 2nd quarter. Crestwood Advisors Group LLC now owns 55,887 shares of the company’s stock valued at $3,079,000 after buying an additional 879 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in ROBO Global Robotics & Automation ETF during the second quarter worth about $63,000. Marshall Wace LLP bought a new position in ROBO Global Robotics & Automation ETF in the 2nd quarter worth approximately $420,000. Finally, AlphaMark Advisors LLC grew its position in shares of ROBO Global Robotics & Automation ETF by 286.5% in the third quarter. AlphaMark Advisors LLC now owns 1,720 shares of the company’s stock valued at $98,000 after purchasing an additional 1,275 shares in the last quarter.

ROBO Global Robotics & Automation ETF Company 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.