iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Stock Price Down 1.5% – Should You Sell?

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) shares fell 1.5% on Wednesday . The stock traded as low as $27.42 and last traded at $27.85. 510,979 shares traded hands during mid-day trading, an increase of 292% from the average session volume of 130,270 shares. The stock had previously closed at $28.27.

iShares Robotics and Artificial Intelligence Multisector ETF Price Performance

The stock has a market cap of $730.54 million, a price-to-earnings ratio of 32.59 and a beta of 1.17. The firm’s fifty day moving average price is $35.01 and its two-hundred day moving average price is $36.20.

Institutional Investors Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

A number of hedge funds have recently added to or reduced their stakes in IRBO. Arkadios Wealth Advisors acquired a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the fourth quarter worth approximately $6,743,000. Strategic Advocates LLC increased its stake in iShares Robotics and Artificial Intelligence Multisector ETF by 21.1% during the 4th quarter. Strategic Advocates LLC now owns 27,885 shares of the company’s stock valued at $879,000 after purchasing an additional 4,868 shares in the last quarter. Advisors Preferred LLC acquired a new position in iShares Robotics and Artificial Intelligence Multisector ETF during the fourth quarter worth $511,000. Janney Montgomery Scott LLC bought a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the fourth quarter valued at $218,000. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 500.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $38,000 after buying an additional 1,000 shares during the last quarter.

iShares Robotics and Artificial Intelligence Multisector ETF Company Profile

The iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equal-weighted index of global equities involved in robotics and artificial intelligence. IRBO was launched on Jun 26, 2018 and is managed by BlackRock.