ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Unusually-High Trading Volume – Still a Buy?

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw strong trading volume on Wednesday . 77,987 shares changed 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 Stock Performance

The stock has a market cap of $1.02 billion, a P/E ratio of 24.36 and a beta of 1.22. The business’s 50-day moving average price is $57.93 and its 200-day moving average price is $56.88.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in ROBO Global Robotics & Automation ETF in the 4th quarter worth $38,000. Oarsman Capital Inc. boosted its stake in ROBO Global Robotics & Automation ETF by 34.5% in the 4th quarter. Oarsman Capital Inc. now owns 780 shares of the company’s stock worth $44,000 after purchasing an additional 200 shares during the period. AlphaMark Advisors LLC grew its holdings in ROBO Global Robotics & Automation ETF by 56.7% during the 4th quarter. AlphaMark Advisors LLC now owns 2,695 shares of the company’s stock valued at $152,000 after buying an additional 975 shares in the last quarter. JPMorgan Chase & Co. raised 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 last quarter. Finally, OLD Mission Capital LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF in the fourth quarter worth $2,061,000.

ROBO Global Robotics & Automation ETF Company Profile

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.