ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Reaches New 12-Month High – What’s Next?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) hit a new 52-week high during trading on Tuesday . The company traded as high as $140.16 and last traded at $139.64, with a volume of 39304 shares. The stock had previously closed at $136.25.

ARK Autonomous Technology & Robotics ETF Price Performance

The business’s 50-day moving average price is $125.49 and its two-hundred day moving average price is $121.59. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 32.86 and a beta of 1.40.

Hedge Funds Weigh In On ARK Autonomous Technology & Robotics ETF

A number of institutional investors have recently modified their holdings of ARKQ. Strategic Advocates LLC grew its position in shares of ARK Autonomous Technology & Robotics ETF by 2.0% in the fourth quarter. Strategic Advocates LLC now owns 19,947 shares of the company’s stock valued at $2,304,000 after purchasing an additional 386 shares during the period. Crescent Grove Advisors LLC grew its position in shares of ARK Autonomous Technology & Robotics ETF by 1.3% in the fourth quarter. Crescent Grove Advisors LLC now owns 13,263 shares of the company’s stock valued at $1,521,000 after purchasing an additional 175 shares during the period. BNP Paribas Financial Markets grew its position in shares of ARK Autonomous Technology & Robotics ETF by 67,855.4% in the fourth quarter. BNP Paribas Financial Markets now owns 100,574 shares of the company’s stock valued at $11,532,000 after purchasing an additional 100,426 shares during the period. Farther Finance Advisors LLC grew its position in shares of ARK Autonomous Technology & Robotics ETF by 77.1% in the fourth quarter. Farther Finance Advisors LLC now owns 5,937 shares of the company’s stock valued at $681,000 after purchasing an additional 2,585 shares during the period. Finally, Jaffetilchin Investment Partners LLC grew its position in shares of ARK Autonomous Technology & Robotics ETF by 43.0% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 6,986 shares of the company’s stock valued at $801,000 after purchasing an additional 2,101 shares during the period.

About ARK Autonomous Technology & Robotics ETF

The ARK Autonomous Technology & Robotics ETF (ARKQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund with a broad mandate to invest in companies that its managers identify as benefiting from automation and other technological advancements. ARKQ was launched on Sep 30, 2014 and is managed by ARK.