ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Hits New 1-Year High – Should You Buy?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $135.39 and last traded at $135.38, with a volume of 38466 shares traded. The stock had previously closed at $134.87.

ARK Autonomous Technology & Robotics ETF Stock Performance

The firm has a 50-day moving average price of $121.57 and a 200-day moving average price of $120.06. The stock has a market cap of $1.68 billion, a PE ratio of 32.86 and a beta of 1.40.

Hedge Funds Weigh In On ARK Autonomous Technology & Robotics ETF

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in ARK Autonomous Technology & Robotics ETF by 67,855.4% in the 4th quarter. BNP Paribas Financial Markets now owns 100,574 shares of the company’s stock worth $11,532,000 after buying an additional 100,426 shares during the last quarter. JPMorgan Chase & Co. raised its position in ARK Autonomous Technology & Robotics ETF by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,277 shares of the company’s stock worth $4,159,000 after buying an additional 4,060 shares during the last quarter. Strategic Advocates LLC raised its position in ARK Autonomous Technology & Robotics ETF by 2.0% in the 4th quarter. Strategic Advocates LLC now owns 19,947 shares of the company’s stock worth $2,304,000 after buying an additional 386 shares during the last quarter. Crescent Grove Advisors LLC raised its position in ARK Autonomous Technology & Robotics ETF by 1.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 13,263 shares of the company’s stock worth $1,521,000 after buying an additional 175 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of ARK Autonomous Technology & Robotics ETF by 7.8% during the 4th quarter. NewEdge Advisors LLC now owns 8,118 shares of the company’s stock valued at $931,000 after purchasing an additional 584 shares during the last quarter.

About ARK Autonomous Technology & Robotics ETF

The ARK Autonomous Technology & Robotics ETF (ARKQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund with a broad mandate to invest in companies that its managers identify as benefiting from automation and other technological advancements. ARKQ was launched on Sep 30, 2014 and is managed by ARK.