ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Large Volume Increase – Here’s What Happened

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw unusually-strong trading volume on Friday . Approximately 844,679 shares changed hands during trading, an increase of 192% from the previous session’s volume of 289,090 shares.The stock last traded at $72.70 and had previously closed at $73.62.

ROBO Global Robotics & Automation ETF Stock Down 1.5%

The stock has a market capitalization of $1.50 billion, a P/E ratio of 23.13 and a beta of 1.29. The company has a 50-day moving average price of $70.81 and a two-hundred day moving average price of $67.21.

ROBO Global Robotics & Automation ETF Announces Dividend

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

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ROBO. Crews Bank & Trust raised its holdings in shares of ROBO Global Robotics & Automation ETF by 354.0% in the 3rd quarter. Crews Bank & Trust now owns 454 shares of the company’s stock valued at $30,000 after acquiring an additional 354 shares in the last quarter. Archer Investment Corp purchased a new stake in ROBO Global Robotics & Automation ETF in the fourth quarter valued at approximately $30,000. Cloud Capital Management LLC bought a new stake in ROBO Global Robotics & Automation ETF during the third quarter valued at approximately $38,000. GPS Wealth Strategies Group LLC lifted its position in ROBO Global Robotics & Automation ETF by 2,118.6% during the third quarter. GPS Wealth Strategies Group LLC now owns 2,263 shares of the company’s stock valued at $148,000 after purchasing an additional 2,161 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in ROBO Global Robotics & Automation ETF in the 2nd quarter worth approximately $201,000.

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.