iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Sees Strong Trading Volume

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) shares saw unusually-strong trading volume on Friday . Approximately 46,253 shares were traded during trading, a decline of 66% from the previous session’s volume of 136,366 shares.The stock last traded at $31.68 and had previously closed at $31.75.

iShares Robotics and Artificial Intelligence Multisector ETF Trading Down 0.8 %

The stock’s 50 day moving average price is $33.85 and its 200 day moving average price is $32.73. The company has a market cap of $623.70 million, a price-to-earnings ratio of 20.63 and a beta of 1.43.

Institutional Trading of iShares Robotics and Artificial Intelligence Multisector ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IRBO. Baystate Wealth Management LLC increased its position in iShares Robotics and Artificial Intelligence Multisector ETF by 133.8% during the 3rd quarter. Baystate Wealth Management LLC now owns 933 shares of the company’s stock worth $29,000 after purchasing an additional 534 shares in the last quarter. Farmers & Merchants Investments Inc. purchased a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the 1st quarter worth approximately $56,000. JPMorgan Chase & Co. purchased a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter worth approximately $73,000. First Horizon Advisors Inc. purchased a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the 3rd quarter worth approximately $90,000. Finally, NewEdge Advisors LLC boosted its holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 35.0% in the 1st quarter. NewEdge Advisors LLC now owns 3,378 shares of the company’s stock worth $106,000 after acquiring an additional 875 shares during the period.

iShares Robotics and Artificial Intelligence Multisector ETF Company Profile

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.