ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Hits New 52-Week High – What’s Next?

Shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) reached a new 52-week high on Friday . The stock traded as high as $87.60 and last traded at $87.49, with a volume of 203312 shares traded. The stock had previously closed at $85.24.

ROBO Global Robotics & Automation ETF Price Performance

The firm has a 50-day moving average of $76.44 and a 200 day moving average of $73.39. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 23.13 and a beta of 1.39.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Curbstone Financial Management Corp increased its stake in ROBO Global Robotics & Automation ETF by 4.0% during the 4th quarter. Curbstone Financial Management Corp now owns 24,480 shares of the company’s stock worth $1,697,000 after acquiring an additional 940 shares during the period. Captrust Financial Advisors grew its position in ROBO Global Robotics & Automation ETF by 6.4% during the 2nd quarter. Captrust Financial Advisors now owns 22,778 shares of the company’s stock worth $1,362,000 after acquiring an additional 1,367 shares during the last quarter. Fortis Group Advisors LLC raised its position 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 acquiring an additional 18,217 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of ROBO Global Robotics & Automation ETF by 1,820.6% in 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, Beck Capital Management LLC lifted its stake in shares of ROBO Global Robotics & Automation ETF by 4.1% in the fourth quarter. Beck Capital Management LLC now owns 10,544 shares of the company’s stock worth $731,000 after acquiring an additional 419 shares during the period.

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.