ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Sets New 52-Week Low – Here’s Why

Shares of ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) hit a new 52-week low on Thursday. The company traded as low as $98.24 and last traded at $100.9650, with a volume of 82,875 shares traded. The stock had previously closed at $107.74.

ARK Autonomous Technology & Robotics ETF Stock Performance

The business has a fifty day simple moving average of $119.64 and a 200-day simple moving average of $123.93. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 32.86 and a beta of 1.40.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC bought a new position in ARK Autonomous Technology & Robotics ETF in the 3rd quarter valued at approximately $221,000. Valeo Financial Advisors LLC bought a new stake in ARK Autonomous Technology & Robotics ETF during the 2nd quarter worth approximately $202,000. Root Financial Partners LLC bought a new stake in ARK Autonomous Technology & Robotics ETF during the 3rd quarter worth approximately $85,000. Atlas Wealth LLC bought a new stake in ARK Autonomous Technology & Robotics ETF during the 1st quarter worth approximately $76,000. Finally, Continuum Advisory LLC bought a new stake in ARK Autonomous Technology & Robotics ETF during the 2nd quarter worth approximately $26,000.

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.