VanEck Robotics ETF (NASDAQ:IBOT) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

VanEck Robotics ETF (NASDAQ:IBOT) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $62.13 and traded as high as $63.48. VanEck Robotics ETF shares last traded at $63.40, with a volume of 19,527 shares.

VanEck Robotics ETF Price Performance

The business’s 50-day moving average price is $64.32 and its two-hundred day moving average price is $62.22. The firm has a market cap of $102.14 million, a price-to-earnings ratio of 27.21 and a beta of 1.37.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Strategic Family Wealth Counselors L.L.C. grew its position in shares of VanEck Robotics ETF by 6.4% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,445 shares of the company’s stock valued at $287,000 after purchasing an additional 266 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of VanEck Robotics ETF by 41.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 837 shares of the company’s stock valued at $55,000 after purchasing an additional 245 shares during the last quarter. SBE LLC DBA Cedar Cove Wealth Partners grew its stake in shares of VanEck Robotics ETF by 2.6% during the 3rd quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 56,421 shares of the company’s stock valued at $3,643,000 after buying an additional 1,449 shares during the period. Accel Wealth Management grew its stake in shares of VanEck Robotics ETF by 18.2% during the 3rd quarter. Accel Wealth Management now owns 17,337 shares of the company’s stock valued at $1,119,000 after buying an additional 2,670 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of VanEck Robotics ETF by 16.0% during the 2nd quarter. Tidal Investments LLC now owns 8,631 shares of the company’s stock worth $594,000 after buying an additional 1,191 shares during the last quarter.

VanEck Robotics ETF Company Profile

The Vaneck Robotics ETF (IBOT) is an exchange-traded fund that is based on the BlueStar Robotics index. The fund tracks an index designed to provide exposure to companies involved in early adoption of commercial and industrial robotics, globally. Stocks are selected based on the amount of revenue tied to the theme IBOT was launched on Apr 5, 2023 and is managed by VanEck.