VanEck Robotics ETF (NASDAQ:IBOT) Trading 0.4% Higher – Here’s Why

VanEck Robotics ETF (NASDAQ:IBOT) shares traded up 0.4% on Thursday . The company traded as high as $59.44 and last traded at $59.33. 7,086 shares traded hands during trading, a decline of 60% from the average session volume of 17,691 shares. The stock had previously closed at $59.09.

VanEck Robotics ETF Stock Up 2.5%

The firm has a market capitalization of $66.92 million, a price-to-earnings ratio of 27.21 and a beta of 1.32. The stock’s fifty day moving average is $56.91 and its two-hundred day moving average is $54.32.

Hedge Funds Weigh In On VanEck Robotics ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Avestar Capital LLC acquired a new position in VanEck Robotics ETF during the third quarter worth $1,983,000. Accel Wealth Management boosted its position in VanEck Robotics ETF by 8.8% during the fourth quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock worth $519,000 after purchasing an additional 800 shares during the period. Jane Street Group LLC bought a new position in VanEck Robotics ETF during the first quarter worth $256,000. Finally, Glassman Wealth Services bought a new position in VanEck Robotics ETF during the third quarter worth $79,000.

VanEck Robotics ETF Company Profile

The Vaneck Robotics ETF (IBOT) is an exchange-traded fund that is based on the BlueStar Robotics index. The fund tracks an index designed to provide exposure to companies involved in early adoption of commercial and industrial robotics, globally. Stocks are selected based on the amount of revenue tied to the theme IBOT was launched on Apr 5, 2023 and is managed by VanEck.