ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sets New 12-Month High – Here’s Why

Shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $79.06 and last traded at $78.5960, with a volume of 148760 shares trading hands. The stock had previously closed at $77.60.

ROBO Global Robotics & Automation ETF Price Performance

The company has a market cap of $1.64 billion, a PE ratio of 23.13 and a beta of 1.29. The firm has a 50-day simple moving average of $73.49 and a two-hundred day simple moving average of $69.06.

ROBO Global Robotics & Automation ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a $0.2922 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 42.0%.

Institutional Investors Weigh In On ROBO Global Robotics & Automation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ROBO. Crews Bank & Trust raised its position in shares of ROBO Global Robotics & Automation ETF by 354.0% in the third quarter. Crews Bank & Trust now owns 454 shares of the company’s stock valued at $30,000 after buying an additional 354 shares during the last quarter. Archer Investment Corp purchased a new stake in ROBO Global Robotics & Automation ETF in the 4th quarter worth approximately $30,000. Cloud Capital Management LLC acquired a new position in ROBO Global Robotics & Automation ETF in the 3rd quarter valued at $38,000. Atlas Capital Advisors Inc. acquired a new position in ROBO Global Robotics & Automation ETF in the 4th quarter valued at $39,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of ROBO Global Robotics & Automation ETF by 2,118.6% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 2,263 shares of the company’s stock worth $148,000 after purchasing an additional 2,161 shares during the period.

ROBO Global Robotics & Automation ETF Company Profile

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.