ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Unusually-High Trading Volume

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares saw unusually-strong trading volume on Tuesday . Approximately 170,024 shares traded hands during mid-day trading, an increase of 138% from the previous session’s volume of 71,323 shares.The stock last traded at $51.38 and had previously closed at $50.56.

ROBO Global Robotics & Automation ETF Price Performance

The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 28.27 and a beta of 1.28. The firm’s fifty day moving average is $55.52 and its 200-day moving average is $56.15.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

A number of institutional investors have recently modified their holdings of the stock. Crestwood Advisors Group LLC grew its stake in ROBO Global Robotics & Automation ETF by 1.6% in the second quarter. Crestwood Advisors Group LLC now owns 55,887 shares of the company’s stock worth $3,079,000 after purchasing an additional 879 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of ROBO Global Robotics & Automation ETF by 6.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,109 shares of the company’s stock worth $443,000 after acquiring an additional 469 shares in the last quarter. Burke & Herbert Bank & Trust Co. bought a new stake in shares of ROBO Global Robotics & Automation ETF in the 2nd quarter valued at approximately $1,111,000. Adirondack Trust Co. bought a new stake in shares of ROBO Global Robotics & Automation ETF in the 2nd quarter valued at approximately $50,000. Finally, Curbstone Financial Management Corp raised its position in shares of ROBO Global Robotics & Automation ETF by 1.0% during the 2nd quarter. Curbstone Financial Management Corp now owns 20,830 shares of the company’s stock valued at $1,148,000 after acquiring an additional 200 shares in the last quarter.

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.