ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Hits New 52-Week High – Time to Buy?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $79.82 and last traded at $79.53, with a volume of 41498 shares. The stock had previously closed at $77.12.

ROBO Global Robotics & Automation ETF Price Performance

The stock’s fifty day simple moving average is $73.53 and its 200-day simple moving average is $70.97. The firm has a market cap of $1.74 billion, a PE ratio of 23.13 and a beta of 1.33.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ROBO. SG Americas Securities LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF during the third quarter worth $3,278,000. Strategic Blueprint LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF during the third quarter worth $2,839,000. Fortis Group Advisors LLC raised its holdings in shares of ROBO Global Robotics & Automation ETF by 3,628.9% during the third quarter. Fortis Group Advisors LLC now owns 18,719 shares of the company’s stock worth $1,301,000 after purchasing an additional 18,217 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of 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 purchasing an additional 11,215 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of ROBO Global Robotics & Automation ETF by 424.1% during the third quarter. NewEdge Advisors LLC now owns 7,814 shares of the company’s stock worth $512,000 after purchasing an additional 6,323 shares during the last quarter.

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.