ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume – Time to Buy?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares saw an uptick in trading volume on Wednesday . 77,987 shares were traded during trading, an increase of 11% from the previous session’s volume of 70,483 shares.The stock last traded at $55.60 and had previously closed at $55.55.

ROBO Global Robotics & Automation ETF Trading Up 0.4 %

The firm has a market capitalization of $1.02 billion, a PE ratio of 24.36 and a beta of 1.22. The firm’s fifty day moving average price is $57.93 and its 200 day moving average price is $56.88.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Several hedge funds have recently added to or reduced their stakes in ROBO. Flow Traders U.S. LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF during the 3rd quarter valued at about $4,759,000. OLD Mission Capital LLC acquired a new stake in ROBO Global Robotics & Automation ETF during the fourth quarter worth about $2,061,000. Silverleafe Capital Partners LLC grew its holdings in ROBO Global Robotics & Automation ETF by 5.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 63,289 shares of the company’s stock worth $3,561,000 after acquiring an additional 3,023 shares during the period. AlphaMark Advisors LLC raised its position in ROBO Global Robotics & Automation ETF by 56.7% during the fourth quarter. AlphaMark Advisors LLC now owns 2,695 shares of the company’s stock valued at $152,000 after acquiring an additional 975 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in ROBO Global Robotics & Automation ETF in the 4th quarter worth approximately $38,000.

About ROBO Global Robotics & Automation ETF

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.