ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Trading Up 1.7% – Still a Buy?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) was up 1.7% during mid-day trading on Monday . The company traded as high as $120.30 and last traded at $119.25. Approximately 115,997 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 296,330 shares. The stock had previously closed at $117.27.

ARK Autonomous Technology & Robotics ETF Stock Performance

The company’s 50 day moving average price is $125.01 and its 200 day moving average price is $116.78. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 32.86 and a beta of 1.40.

ARK Autonomous Technology & Robotics ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.3059 dividend. The ex-dividend date was Friday, December 26th. This represents a yield of 26.0%.

Hedge Funds Weigh In On ARK Autonomous Technology & Robotics ETF

Several hedge funds have recently bought and sold shares of the business. CGC Financial Services LLC acquired a new stake in shares of ARK Autonomous Technology & Robotics ETF in the third quarter worth about $31,000. Bessemer Group Inc. increased its holdings in shares of ARK Autonomous Technology & Robotics ETF by 2,333.3% during the 3rd quarter. Bessemer Group Inc. now owns 292 shares of the company’s stock valued at $32,000 after acquiring an additional 280 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of ARK Autonomous Technology & Robotics ETF during the 3rd quarter valued at about $37,000. Russell Investments Group Ltd. raised its stake in shares of ARK Autonomous Technology & Robotics ETF by 258.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 538 shares of the company’s stock valued at $60,000 after acquiring an additional 388 shares in the last quarter. Finally, FWL Investment Management LLC bought a new position in shares of ARK Autonomous Technology & Robotics ETF in the 2nd quarter valued at approximately $61,000.

About ARK Autonomous Technology & Robotics ETF

The ARK Autonomous Technology & Robotics ETF (ARKQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund with a broad mandate to invest in companies that its managers identify as benefiting from automation and other technological advancements. ARKQ was launched on Sep 30, 2014 and is managed by ARK.