VanEck Robotics ETF (NASDAQ:IBOT) Trading Down 0.7% – Here’s What Happened

VanEck Robotics ETF (NASDAQ:IBOT)’s share price fell 0.7% during mid-day trading on Monday . The stock traded as low as $62.71 and last traded at $62.86. Approximately 16,263 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 19,548 shares. The stock had previously closed at $63.31.

VanEck Robotics ETF Price Performance

The stock has a market cap of $93.03 million, a P/E ratio of 27.21 and a beta of 1.35. The company has a fifty day moving average of $65.76 and a 200 day moving average of $60.43.

Hedge Funds Weigh In On VanEck Robotics ETF

Several hedge funds have recently modified their holdings of IBOT. Accel Wealth Management grew its holdings in VanEck Robotics ETF by 8.8% during the fourth quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock worth $519,000 after acquiring an additional 800 shares during the period. First Heartland Consultants Inc. bought a new stake in VanEck Robotics ETF in the second quarter worth about $420,000. Finally, Jane Street Group LLC bought a new stake in VanEck Robotics ETF in the first 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.