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

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw an uptick in trading volume on Friday . 156,286 shares were traded during mid-day trading, an increase of 122% from the previous session’s volume of 70,375 shares.The stock last traded at $59.37 and had previously closed at $59.80.

ROBO Global Robotics & Automation ETF Stock Performance

The firm has a market capitalization of $1.35 billion, a PE ratio of 28.27 and a beta of 1.28. The business’s 50 day moving average is $58.06 and its two-hundred day moving average is $56.38.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ROBO. AlphaMark Advisors LLC boosted its holdings in ROBO Global Robotics & Automation ETF by 286.5% in the 3rd quarter. AlphaMark Advisors LLC now owns 1,720 shares of the company’s stock valued at $98,000 after purchasing an additional 1,275 shares during the period. Valley Wealth Managers Inc. boosted its holdings in ROBO Global Robotics & Automation ETF by 0.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock valued at $2,173,000 after purchasing an additional 294 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of ROBO Global Robotics & Automation ETF during the 3rd quarter worth $4,759,000. JPMorgan Chase & Co. lifted its holdings in shares of ROBO Global Robotics & Automation ETF by 12.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,616 shares of the company’s stock worth $206,000 after acquiring an additional 411 shares during the last quarter. Finally, Silverleafe Capital Partners LLC lifted its holdings in shares of ROBO Global Robotics & Automation ETF by 5.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 63,289 shares of the company’s stock worth $3,561,000 after acquiring an additional 3,023 shares during the last quarter.

About ROBO Global Robotics & Automation ETF

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.