Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) Reaches New 12-Month High – Time to Buy?

Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) hit a new 52-week high on Tuesday . The company traded as high as $41.52 and last traded at $41.31, with a volume of 1057427 shares. The stock had previously closed at $41.45.

Global X Robotics & Artificial Intelligence ETF Price Performance

The company has a market capitalization of $3.72 billion, a P/E ratio of 27.41 and a beta of 1.46. The stock’s 50 day simple moving average is $36.12 and its two-hundred day simple moving average is $36.65.

Institutional Investors Weigh In On Global X Robotics & Artificial Intelligence ETF

A number of institutional investors and hedge funds have recently modified their holdings of BOTZ. Bearing Point Capital LLC bought a new stake in shares of Global X Robotics & Artificial Intelligence ETF during the fourth quarter worth approximately $3,501,000. Ameriprise Financial Inc. increased its stake in Global X Robotics & Artificial Intelligence ETF by 26.1% in the second quarter. Ameriprise Financial Inc. now owns 441,085 shares of the company’s stock valued at $14,401,000 after purchasing an additional 91,290 shares in the last quarter. SG Americas Securities LLC bought a new stake in Global X Robotics & Artificial Intelligence ETF in the third quarter valued at approximately $3,190,000. Jones Financial Companies Lllp increased its stake in Global X Robotics & Artificial Intelligence ETF by 26.8% in the third quarter. Jones Financial Companies Lllp now owns 141,959 shares of the company’s stock valued at $4,947,000 after purchasing an additional 29,981 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Global X Robotics & Artificial Intelligence ETF by 39.2% in the first quarter. Janney Montgomery Scott LLC now owns 67,064 shares of the company’s stock valued at $2,228,000 after purchasing an additional 18,891 shares in the last quarter.

Global X Robotics & Artificial Intelligence ETF Company Profile

The Global X Robotics & Artificial Intelligence ETF (BOTZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides market- cap selected and weighted exposure to companies involved in the development and production of robots or artificial intelligence. BOTZ was launched on Sep 12, 2016 and is managed by Global X.