ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume – Should You Buy?

Shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw an uptick in trading volume on Friday . 318,305 shares were traded during mid-day trading, an increase of 32% from the previous session’s volume of 241,569 shares.The stock last traded at $72.50 and had previously closed at $73.35.

ROBO Global Robotics & Automation ETF Stock Down 1.3%

The stock has a 50 day moving average of $74.33 and a 200 day moving average of $69.56. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 23.13 and a beta of 1.29.

ROBO Global Robotics & Automation ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a dividend of $0.2922 per share. This represents a dividend yield of 42.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds have recently added to or reduced their stakes in ROBO. SG Americas Securities LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF during the third quarter worth $3,278,000. Strategic Blueprint LLC bought a new stake in shares of ROBO Global Robotics & Automation ETF during the 3rd quarter valued at about $2,839,000. Fortis Group Advisors LLC grew its position in shares of ROBO Global Robotics & Automation ETF by 3,628.9% during the 3rd quarter. Fortis Group Advisors LLC now owns 18,719 shares of the company’s stock valued at $1,301,000 after buying an additional 18,217 shares during the last quarter. Advisory Services Network LLC raised its stake in ROBO Global Robotics & Automation ETF by 1,820.6% during the fourth quarter. Advisory Services Network LLC now owns 11,831 shares of the company’s stock worth $820,000 after acquiring an additional 11,215 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in ROBO Global Robotics & Automation ETF by 424.1% in the third quarter. NewEdge Advisors LLC now owns 7,814 shares of the company’s stock worth $512,000 after acquiring an additional 6,323 shares during the last quarter.

About ROBO Global Robotics & Automation ETF

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.