ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume – Here’s Why

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw unusually-strong trading volume on Wednesday . Approximately 50,671 shares traded hands during trading, a decline of 20% from the previous session’s volume of 63,648 shares.The stock last traded at $60.53 and had previously closed at $60.13.

ROBO Global Robotics & Automation ETF Trading Up 0.6 %

The firm has a market capitalization of $1.39 billion, a P/E ratio of 28.27 and a beta of 1.28. The firm has a 50 day moving average price of $57.26 and a 200-day moving average price of $55.99.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Institutional investors have recently made changes to their positions in the company. Silverleafe Capital Partners LLC boosted its holdings in ROBO Global Robotics & Automation ETF by 5.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 63,289 shares of the company’s stock valued at $3,561,000 after acquiring an additional 3,023 shares during the period. AlphaMark Advisors LLC boosted its stake in shares of ROBO Global Robotics & Automation ETF by 286.5% during 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 during the period. Valley Wealth Managers Inc. grew its holdings in shares of ROBO Global Robotics & Automation ETF by 0.8% in the third quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock worth $2,173,000 after purchasing an additional 294 shares during the last quarter. Marshall Wace LLP bought a new position in shares of ROBO Global Robotics & Automation ETF in the second quarter worth about $420,000. Finally, Flow Traders U.S. LLC purchased a new position in ROBO Global Robotics & Automation ETF in the 3rd quarter worth about $4,759,000.

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.