VanEck Robotics ETF (NASDAQ:IBOT) Trading Up 0.4% – Time to Buy?

VanEck Robotics ETF (NASDAQ:IBOT)’s share price was up 0.4% on Thursday . The company traded as high as $59.44 and last traded at $59.33. Approximately 7,086 shares traded hands during trading, a decline of 60% from the average daily volume of 17,691 shares. The stock had previously closed at $59.09.

VanEck Robotics ETF Price Performance

The firm has a market capitalization of $65.26 million, a price-to-earnings ratio of 27.21 and a beta of 1.32. The firm has a 50 day moving average price of $56.85 and a 200-day moving average price of $54.25.

Institutional Investors Weigh In On VanEck Robotics ETF

Several large investors have recently bought and sold shares of the stock. Accel Wealth Management increased its holdings in VanEck Robotics ETF by 8.8% during the 4th quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock worth $519,000 after purchasing an additional 800 shares during the period. Glassman Wealth Services purchased a new stake in VanEck Robotics ETF during the 3rd quarter worth about $79,000. Avestar Capital LLC purchased a new stake in VanEck Robotics ETF during the 3rd quarter worth about $1,983,000. Finally, Jane Street Group LLC purchased a new stake in VanEck Robotics ETF during the 1st quarter worth about $256,000.

VanEck Robotics ETF Company Profile

The Vaneck Robotics ETF (IBOT) is an exchange-traded fund that is based on the BlueStar Robotics index. The fund tracks an index designed to provide exposure to companies involved in early adoption of commercial and industrial robotics, globally. Stocks are selected based on the amount of revenue tied to the theme IBOT was launched on Apr 5, 2023 and is managed by VanEck.