ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Shares Up 64.8% – What’s Next?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) was up 64.8% on Thursday . The company traded as high as $80.67 and last traded at $127.7740. Approximately 133,914 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 124,404 shares. The stock had previously closed at $77.54.

ARK Autonomous Technology & Robotics ETF Price Performance

The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 32.86 and a beta of 1.40. The stock has a 50-day moving average of $119.65 and a 200-day moving average of $111.15.

ARK Autonomous Technology & Robotics ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.3059 per share. This represents a dividend yield of 26.0%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Investors Weigh In On ARK Autonomous Technology & Robotics ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC bought a new position in ARK Autonomous Technology & Robotics ETF in the 2nd quarter valued at about $357,000. Strategic Blueprint LLC boosted its position in shares of ARK Autonomous Technology & Robotics ETF by 470.1% during the 3rd quarter. Strategic Blueprint LLC now owns 28,796 shares of the company’s stock worth $3,213,000 after acquiring an additional 23,745 shares in the last quarter. PVG Asset Management Corp bought a new position in ARK Autonomous Technology & Robotics ETF in the second quarter valued at approximately $500,000. Western Wealth Management LLC acquired a new position in ARK Autonomous Technology & Robotics ETF during the second quarter valued at approximately $254,000. Finally, Strategic Advocates LLC raised its position in ARK Autonomous Technology & Robotics ETF by 2.3% during the third quarter. Strategic Advocates LLC now owns 19,561 shares of the company’s stock valued at $2,182,000 after purchasing an additional 448 shares in the last quarter.

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.