iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Sees Strong Trading Volume

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) saw unusually-strong trading volume on Friday . Approximately 46,253 shares were traded during trading, a decline of 66% from the previous session’s volume of 136,366 shares.The stock last traded at $31.68 and had previously closed at $31.75.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Performance

The stock has a 50 day moving average price of $33.85 and a two-hundred day moving average price of $32.73. The company has a market capitalization of $623.70 million, a PE ratio of 20.63 and a beta of 1.43.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 248.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 157,340 shares of the company’s stock valued at $4,804,000 after acquiring an additional 112,194 shares in the last quarter. Flow Traders U.S. LLC raised its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 174.6% in the 4th quarter. Flow Traders U.S. LLC now owns 80,283 shares of the company’s stock valued at $2,050,000 after acquiring an additional 51,047 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 68.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 21,169 shares of the company’s stock valued at $699,000 after buying an additional 8,567 shares during the last quarter. Comerica Bank grew its holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 479.4% in the 4th quarter. Comerica Bank now owns 11,623 shares of the company’s stock valued at $401,000 after buying an additional 9,617 shares during the last quarter. Finally, Tsfg LLC grew its holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 268.7% in the 1st quarter. Tsfg LLC now owns 11,603 shares of the company’s stock valued at $399,000 after buying an additional 8,456 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.