iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Sets New 52-Week High – Should You Buy?

Shares of iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $35.46 and last traded at $35.29, with a volume of 114180 shares. The stock had previously closed at $35.11.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Performance

The stock has a fifty day moving average of $34.66 and a 200-day moving average of $33.78. The company has a market cap of $709.83 million, a PE ratio of 20.73 and a beta of 1.45.

Institutional Investors Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

Several large investors have recently added to or reduced their stakes in IRBO. LRI Investments LLC purchased a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the third quarter valued at $126,000. Flow Traders U.S. LLC raised its holdings in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 131.2% in the 3rd 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. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter worth approximately $128,000. Farther Finance Advisors LLC boosted its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 179.7% during the second quarter. Farther Finance Advisors LLC now owns 17,942 shares of the company’s stock valued at $594,000 after purchasing an additional 11,527 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter valued at approximately $57,000.

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.