ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Stock Price Up 0.5% – Time to Buy?

Shares of ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) rose 0.5% on Wednesday . The company traded as high as $129.90 and last traded at $128.93. 88,991 shares changed hands during trading, a decline of 59% from the average session volume of 217,651 shares. The stock had previously closed at $128.30.

ARK Autonomous Technology & Robotics ETF Price Performance

The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 32.86 and a beta of 1.40. The company’s fifty day moving average price is $124.70 and its 200-day moving average price is $125.18.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in shares of ARK Autonomous Technology & Robotics ETF by 24.7% during the 4th quarter. Russell Investments Group Ltd. now owns 671 shares of the company’s stock valued at $77,000 after buying an additional 133 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in ARK Autonomous Technology & Robotics ETF by 6.7% during the fourth quarter. Arkadios Wealth Advisors now owns 2,122 shares of the company’s stock worth $243,000 after acquiring an additional 134 shares during the period. Crescent Grove Advisors LLC raised its position in ARK Autonomous Technology & Robotics ETF by 1.3% during the fourth quarter. Crescent Grove Advisors LLC now owns 13,263 shares of the company’s stock valued at $1,521,000 after acquiring an additional 175 shares in the last quarter. Strategic Advocates LLC raised its position in ARK Autonomous Technology & Robotics ETF by 2.0% during the fourth quarter. Strategic Advocates LLC now owns 19,947 shares of the company’s stock valued at $2,304,000 after acquiring an additional 386 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in ARK Autonomous Technology & Robotics ETF by 7.8% in the third quarter. NewEdge Advisors LLC now owns 7,534 shares of the company’s stock valued at $840,000 after acquiring an additional 542 shares during the period.

ARK Autonomous Technology & Robotics ETF Company Profile

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.