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

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares saw unusually-high trading volume on Monday . Approximately 44,796 shares were traded 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 Performance

The business’s fifty day simple moving average is $56.89 and its 200 day simple moving average is $55.64. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 28.27 and a beta of 1.28.

Institutional Trading of ROBO Global Robotics & Automation ETF

A number of institutional investors have recently made changes to their positions in the stock. Valley Wealth Managers Inc. lifted its stake in ROBO Global Robotics & Automation ETF by 0.8% during the third quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock valued at $2,173,000 after purchasing an additional 294 shares during the last quarter. 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 acquiring an additional 469 shares during the period. Crestwood Advisors Group LLC raised its holdings in shares of ROBO Global Robotics & Automation ETF by 1.6% during the second quarter. Crestwood Advisors Group LLC now owns 55,887 shares of the company’s stock valued at $3,079,000 after acquiring an additional 879 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF during the second quarter valued at approximately $63,000. Finally, AlphaMark Advisors LLC raised its holdings 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 acquiring an additional 1,275 shares during the period.

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.