ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Stock Falls 7.9% – What’s Next?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO)’s share price dropped 7.9% on Thursday. The company traded as low as $68.82 and last traded at $68.82. Approximately 312,966 shares were traded during mid-day trading, an increase of 59% from the average daily volume of 196,325 shares. The stock had previously closed at $74.72.

ROBO Global Robotics & Automation ETF Trading Up 1.8%

The stock has a fifty day simple moving average of $78.38 and a 200-day simple moving average of $78.96. The company has a market capitalization of $1.76 billion, a PE ratio of 23.13 and a beta of 1.44.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Silverleafe Capital Partners LLC acquired a new position in ROBO Global Robotics & Automation ETF in the third quarter valued at approximately $3,626,000. Janney Montgomery Scott LLC raised its holdings in ROBO Global Robotics & Automation ETF by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 6,100 shares of the company’s stock worth $417,000 after purchasing an additional 295 shares in the last quarter. Noble Wealth Management PBC raised its holdings in ROBO Global Robotics & Automation ETF by 105.6% during the second quarter. Noble Wealth Management PBC now owns 4,688 shares of the company’s stock worth $402,000 after purchasing an additional 2,408 shares in the last quarter. Capital Square LLC acquired a new stake in ROBO Global Robotics & Automation ETF during the second quarter worth approximately $276,000. Finally, Compass Financial Management LLC purchased a new stake in shares of ROBO Global Robotics & Automation ETF during the 2nd quarter worth approximately $27,000.

ROBO Global Robotics & Automation ETF Company Profile

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.