iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Hits New 12-Month High – Here’s Why

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.41 and last traded at $36.29, with a volume of 113466 shares. The stock had previously closed at $36.40.

iShares Robotics and Artificial Intelligence Multisector ETF Trading Down 1.5 %

The company has a market cap of $708.25 million, a P/E ratio of 20.73 and a beta of 1.45. The business’s 50 day simple moving average is $34.42 and its 200 day simple moving average is $33.70.

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

Several large investors have recently made changes to their positions in the business. Flow Traders U.S. LLC increased its holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 131.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 130,177 shares of the company’s stock valued at $4,457,000 after acquiring an additional 73,873 shares during the last quarter. Tsfg LLC boosted its stake in iShares Robotics and Artificial Intelligence Multisector ETF by 128.2% during the second quarter. Tsfg LLC now owns 26,476 shares of the company’s stock valued at $879,000 after buying an additional 14,873 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 179.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 17,942 shares of the company’s stock valued at $594,000 after buying an additional 11,527 shares in the last quarter. Strategic Advocates LLC purchased a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter worth approximately $509,000. Finally, Comerica Bank boosted its position in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 4.4% during the 1st quarter. Comerica Bank now owns 12,135 shares of the company’s stock valued at $417,000 after acquiring an additional 512 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.