iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Trading Up 1.7% – Here’s What Happened

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO)’s stock price were up 1.7% during mid-day trading on Thursday . The stock traded as high as $35.40 and last traded at $35.27. Approximately 261,085 shares changed hands during mid-day trading, an increase of 100% from the average daily volume of 130,270 shares. The stock had previously closed at $34.68.

iShares Robotics and Artificial Intelligence Multisector ETF Trading Up 1.7 %

The stock has a 50 day simple moving average of $38.55 and a 200-day simple moving average of $36.42. The firm has a market capitalization of $790.35 million, a P/E ratio of 39.97 and a beta of 1.08.

Institutional Trading of iShares Robotics and Artificial Intelligence Multisector ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IRBO. Bartlett & CO. Wealth Management LLC boosted its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 500.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,200 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares during the last quarter. LRI Investments LLC bought a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the third quarter valued at about $126,000. Janney Montgomery Scott LLC purchased a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 4th quarter valued at about $218,000. Advisors Preferred LLC bought a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 4th quarter valued at approximately $511,000. Finally, Strategic Advocates LLC increased its holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 21.1% in the 4th quarter. Strategic Advocates LLC now owns 27,885 shares of the company’s stock worth $879,000 after acquiring an additional 4,868 shares in 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.