ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Trading Up 3% – Here’s Why

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) shot up 3% on Tuesday . The stock traded as high as $120.84 and last traded at $120.10. 84,463 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 225,255 shares. The stock had previously closed at $116.63.

ARK Autonomous Technology & Robotics ETF Price Performance

The stock has a market capitalization of $1.47 billion, a P/E ratio of 32.86 and a beta of 1.40. The business’s 50 day simple moving average is $130.20 and its 200-day simple moving average is $126.09.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings in ARK Autonomous Technology & Robotics ETF by 67,855.4% in the fourth quarter. BNP Paribas Financial Markets now owns 100,574 shares of the company’s stock valued at $11,532,000 after purchasing an additional 100,426 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in ARK Autonomous Technology & Robotics ETF by 1.3% in the fourth quarter. Crescent Grove Advisors LLC now owns 13,263 shares of the company’s stock valued at $1,521,000 after buying an additional 175 shares during the period. Farther Finance Advisors LLC boosted its holdings in ARK Autonomous Technology & Robotics ETF by 77.1% during the fourth quarter. Farther Finance Advisors LLC now owns 5,937 shares of the company’s stock worth $681,000 after buying an additional 2,585 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in ARK Autonomous Technology & Robotics ETF by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 37,277 shares of the company’s stock worth $4,159,000 after buying an additional 4,060 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in ARK Autonomous Technology & Robotics ETF by 43.0% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 6,986 shares of the company’s stock worth $801,000 after buying an additional 2,101 shares during 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.