ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Strong Trading Volume – Time to Buy?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw an uptick in trading volume on Wednesday . 77,987 shares traded hands during trading, an increase of 11% from the previous session’s volume of 70,483 shares.The stock last traded at $55.60 and had previously closed at $55.55.

ROBO Global Robotics & Automation ETF Price Performance

The company has a market capitalization of $1.01 billion, a P/E ratio of 24.36 and a beta of 1.22. The company has a 50 day moving average of $57.87 and a 200-day moving average of $56.86.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

Large investors have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new position in ROBO Global Robotics & Automation ETF in the 3rd quarter worth $4,759,000. JPMorgan Chase & Co. increased its position in shares of ROBO Global Robotics & Automation ETF by 12.8% during the third quarter. JPMorgan Chase & Co. now owns 3,616 shares of the company’s stock valued at $206,000 after buying an additional 411 shares during the period. Silverleafe Capital Partners LLC raised its stake in ROBO Global Robotics & Automation ETF by 5.0% in the fourth quarter. Silverleafe Capital Partners LLC now owns 63,289 shares of the company’s stock worth $3,561,000 after buying an additional 3,023 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in ROBO Global Robotics & Automation ETF by 56.7% in the fourth quarter. AlphaMark Advisors LLC now owns 2,695 shares of the company’s stock worth $152,000 after buying an additional 975 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in ROBO Global Robotics & Automation ETF during the 4th quarter valued at approximately $38,000.

About ROBO Global Robotics & Automation ETF

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.