ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume – Here’s Why

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw unusually-strong trading volume on Tuesday . 242,166 shares changed hands during trading, an increase of 7% from the previous session’s volume of 226,640 shares.The stock last traded at $85.11 and had previously closed at $83.40.

ROBO Global Robotics & Automation ETF Trading Up 2.3%

The company has a market cap of $1.87 billion, a price-to-earnings ratio of 23.13 and a beta of 1.40. The company’s 50 day moving average price is $84.25 and its 200 day moving average price is $76.79.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Curbstone Financial Management Corp lifted its holdings in shares of ROBO Global Robotics & Automation ETF by 4.0% in the 4th quarter. Curbstone Financial Management Corp now owns 24,480 shares of the company’s stock valued at $1,697,000 after buying an additional 940 shares during the period. Captrust Financial Advisors grew its stake in shares of 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 purchasing an additional 1,367 shares during the period. 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 valued at $820,000 after purchasing an additional 11,215 shares during the period. Beck Capital Management LLC boosted its holdings in ROBO Global Robotics & Automation ETF by 4.1% during the fourth quarter. Beck Capital Management LLC now owns 10,544 shares of the company’s stock worth $731,000 after buying an additional 419 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in ROBO Global Robotics & Automation ETF by 63.2% during the third quarter. JPMorgan Chase & Co. now owns 9,802 shares of the company’s stock worth $643,000 after buying an additional 3,796 shares in the last quarter.

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.