iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Reaches New 12-Month High – Still a Buy?

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) shares hit a new 52-week high on Monday . The stock traded as high as $35.92 and last traded at $35.66, with a volume of 89844 shares. The stock had previously closed at $35.71.

iShares Robotics and Artificial Intelligence Multisector ETF Trading Down 0.1 %

The stock has a market capitalization of $706.07 million, a price-to-earnings ratio of 20.73 and a beta of 1.45. The firm’s 50 day simple moving average is $33.64 and its 200-day simple moving average is $33.40.

Hedge Funds Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 179.7% during the second quarter. Farther Finance Advisors LLC now owns 17,942 shares of the company’s stock valued at $594,000 after purchasing an additional 11,527 shares during the period. Comerica Bank increased its holdings in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 4.4% in the 1st quarter. Comerica Bank now owns 12,135 shares of the company’s stock worth $417,000 after buying an additional 512 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter valued at about $128,000. Family Firm Inc. bought a new stake in iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter worth $57,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the first quarter valued at approximately $56,000.

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.