ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Stock Price Down 1.4% – Time to Sell?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) shares fell 1.4% on Wednesday. The company traded as low as $124.42 and last traded at $124.72. 91,675 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 196,908 shares. The stock had previously closed at $126.47.

ARK Autonomous Technology & Robotics ETF Trading Down 0.4%

The company has a fifty day moving average price of $122.01 and a two-hundred day moving average price of $125.11. The firm has a market capitalization of $1.52 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 added to or reduced their stakes in ARKQ. BNP Paribas Financial Markets grew its holdings in ARK Autonomous Technology & Robotics ETF by 67,855.4% in the 4th quarter. BNP Paribas Financial Markets now owns 100,574 shares of the company’s stock valued at $11,532,000 after buying an additional 100,426 shares in the last quarter. Crescent Grove Advisors LLC raised its holdings in shares of ARK Autonomous Technology & Robotics ETF by 1.3% during the 4th quarter. Crescent Grove Advisors LLC now owns 13,263 shares of the company’s stock worth $1,521,000 after acquiring an additional 175 shares during the period. Continuum Advisory LLC purchased a new position in shares of ARK Autonomous Technology & Robotics ETF during the 2nd quarter worth $26,000. Valeo Financial Advisors LLC acquired a new position in shares of ARK Autonomous Technology & Robotics ETF during the 2nd quarter valued at about $202,000. Finally, Atlas Wealth LLC acquired a new position in shares of ARK Autonomous Technology & Robotics ETF during the 1st quarter valued at about $76,000.

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.