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

ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) shares saw an uptick in trading volume on Friday . 844,679 shares changed hands during mid-day trading, an increase of 192% from the previous session’s volume of 289,090 shares.The stock last traded at $72.70 and had previously closed at $73.62.

ROBO Global Robotics & Automation ETF Stock Performance

The company has a 50-day moving average price of $70.98 and a 200-day moving average price of $67.35. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 23.13 and a beta of 1.29.

ROBO Global Robotics & Automation ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a $0.2922 dividend. This represents a yield of 42.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of ROBO Global Robotics & Automation ETF during the 3rd quarter worth $3,278,000. Strategic Blueprint LLC acquired a new stake in shares of ROBO Global Robotics & Automation ETF in the third quarter worth approximately $2,839,000. Fortis Group Advisors LLC boosted its holdings in shares of ROBO Global Robotics & Automation ETF by 3,628.9% in the 3rd quarter. Fortis Group Advisors LLC now owns 18,719 shares of the company’s stock valued at $1,301,000 after purchasing an additional 18,217 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in ROBO Global Robotics & Automation ETF by 424.1% in the third quarter. NewEdge Advisors LLC now owns 7,814 shares of the company’s stock valued at $512,000 after acquiring an additional 6,323 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of ROBO Global Robotics & Automation ETF by 280.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,006 shares of the company’s stock worth $359,000 after purchasing an additional 4,429 shares during the period.

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.