ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Trading Down 1.3% – Here’s Why

Shares of ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) fell 1.3% on Friday . The company traded as low as $124.13 and last traded at $124.97. 188,359 shares were traded during trading, a decline of 47% from the average session volume of 353,010 shares. The stock had previously closed at $126.63.

ARK Autonomous Technology & Robotics ETF Price Performance

The stock has a 50 day simple moving average of $123.38 and a 200-day simple moving average of $114.01. The firm has a market cap of $1.53 billion, a PE ratio of 32.86 and a beta of 1.40.

ARK Autonomous Technology & Robotics ETF Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of ARK Autonomous Technology & Robotics ETF by 69.0% during the first quarter. NewEdge Advisors LLC now owns 4,836 shares of the company’s stock valued at $320,000 after buying an additional 1,974 shares during the last quarter. Western Wealth Management LLC bought a new position in ARK Autonomous Technology & Robotics ETF in the 2nd quarter valued at approximately $254,000. Jaffetilchin Investment Partners LLC purchased a new stake in ARK Autonomous Technology & Robotics ETF during the 2nd quarter valued at $357,000. Crescent Grove Advisors LLC increased its holdings in shares of ARK Autonomous Technology & Robotics ETF by 2.2% in the 2nd quarter. Crescent Grove Advisors LLC now owns 13,088 shares of the company’s stock worth $1,167,000 after purchasing an additional 284 shares in the last quarter. Finally, Heritage Wealth Management Inc. purchased a new position in shares of ARK Autonomous Technology & Robotics ETF in the second quarter worth $242,000.

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.