iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Hits New 1-Year High – Still a Buy?

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $36.41 and last traded at $36.29, with a volume of 113466 shares. The stock had previously closed at $36.40.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Performance

The firm has a market capitalization of $708.25 million, a PE ratio of 20.73 and a beta of 1.45. The stock’s 50-day simple moving average is $34.42 and its 200-day simple moving average is $33.70.

Hedge Funds Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC lifted its holdings in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 131.2% during the third quarter. Flow Traders U.S. LLC now owns 130,177 shares of the company’s stock valued at $4,457,000 after purchasing an additional 73,873 shares in the last quarter. Strategic Advocates LLC purchased a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter worth $509,000. Tsfg LLC lifted its holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 128.2% in the second quarter. Tsfg LLC now owns 26,476 shares of the company’s stock valued at $879,000 after acquiring an additional 14,873 shares during the period. Farther Finance Advisors LLC boosted its position in iShares Robotics and Artificial Intelligence Multisector ETF by 179.7% in the second quarter. Farther Finance Advisors LLC now owns 17,942 shares of the company’s stock worth $594,000 after purchasing an additional 11,527 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter valued at about $128,000.

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.