ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Shares Up 0.1% – Here’s Why

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) shot up 0.1% during trading on Wednesday . The stock traded as high as $120.34 and last traded at $120.24. Approximately 94,603 shares changed hands during trading, a decline of 54% from the average session volume of 205,212 shares. The stock had previously closed at $120.15.

ARK Autonomous Technology & Robotics ETF Stock Performance

The stock’s 50-day simple moving average is $122.91 and its 200 day simple moving average is $125.17. The company has a market capitalization of $1.47 billion, a PE ratio of 32.86 and a beta of 1.40.

Hedge Funds Weigh In On ARK Autonomous Technology & Robotics ETF

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in ARK Autonomous Technology & Robotics ETF by 69.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,836 shares of the company’s stock worth $320,000 after buying an additional 1,974 shares during the last quarter. FWL Investment Management LLC acquired a new stake in shares of ARK Autonomous Technology & Robotics ETF during the 2nd quarter worth about $61,000. Captrust Financial Advisors acquired a new stake in shares of ARK Autonomous Technology & Robotics ETF during the 2nd quarter worth about $376,000. JPMorgan Chase & Co. raised its position in shares of ARK Autonomous Technology & Robotics ETF by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,277 shares of the company’s stock worth $4,159,000 after acquiring an additional 4,060 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in ARK Autonomous Technology & Robotics ETF by 258.7% during the third quarter. Russell Investments Group Ltd. now owns 538 shares of the company’s stock worth $60,000 after purchasing an additional 388 shares during the last quarter.

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.