ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Shares Down 0.5% – Time to Sell?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) shares were down 0.5% on Tuesday . The company traded as low as $112.86 and last traded at $115.35. Approximately 128,542 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 267,884 shares. The stock had previously closed at $115.96.

ARK Autonomous Technology & Robotics ETF Stock Performance

The stock has a 50 day moving average of $120.34 and a two-hundred day moving average of $118.51. The stock has a market cap of $1.41 billion, a PE ratio of 32.86 and a beta of 1.40.

Hedge Funds Weigh In On ARK Autonomous Technology & Robotics ETF

A number of institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its stake in ARK Autonomous Technology & Robotics ETF by 7.8% in the 4th quarter. NewEdge Advisors LLC now owns 8,118 shares of the company’s stock worth $931,000 after purchasing an additional 584 shares in the last quarter. Russell Investments Group Ltd. increased its stake in ARK Autonomous Technology & Robotics ETF by 24.7% in the 4th quarter. Russell Investments Group Ltd. now owns 671 shares of the company’s stock worth $77,000 after purchasing an additional 133 shares in the last quarter. Arkadios Wealth Advisors increased its stake in ARK Autonomous Technology & Robotics ETF by 6.7% in the 4th quarter. Arkadios Wealth Advisors now owns 2,122 shares of the company’s stock worth $243,000 after purchasing an additional 134 shares in the last quarter. Triumph Capital Management increased its stake in ARK Autonomous Technology & Robotics ETF by 48.0% in the 4th quarter. Triumph Capital Management now owns 1,678 shares of the company’s stock worth $192,000 after purchasing an additional 544 shares in the last quarter. Finally, Strategic Advocates LLC increased its stake in ARK Autonomous Technology & Robotics ETF by 2.0% in the 4th quarter. Strategic Advocates LLC now owns 19,947 shares of the company’s stock worth $2,304,000 after purchasing an additional 386 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.