ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Stock Price Down 7.9% – Here’s Why

Shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) traded down 7.9% on Thursday. The stock traded as low as $68.82 and last traded at $68.82. Approximately 312,966 shares traded hands during mid-day trading, an increase of 59% from the average session volume of 196,325 shares. The stock had previously closed at $74.72.

ROBO Global Robotics & Automation ETF Stock Performance

The business’s fifty day simple moving average is $78.62 and its 200-day simple moving average is $78.97. The firm has a market capitalization of $1.73 billion, a PE ratio of 23.13 and a beta of 1.44.

Hedge Funds Weigh In On ROBO Global Robotics & Automation ETF

Several institutional investors have recently bought and sold shares of ROBO. Burke & Herbert Bank & Trust Co. purchased a new stake in ROBO Global Robotics & Automation ETF in the 3rd quarter worth $305,000. North Star Investment Management Corp. bought a new position in shares of ROBO Global Robotics & Automation ETF during the 3rd quarter valued at about $350,000. Vima LLC grew its position in shares of ROBO Global Robotics & Automation ETF by 2.7% during the third quarter. Vima LLC now owns 6,566 shares of the company’s stock valued at $528,000 after purchasing an additional 172 shares in the last quarter. Silverleafe Capital Partners LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF during the third quarter valued at about $3,626,000. Finally, Noble Wealth Management PBC grew its position in shares of ROBO Global Robotics & Automation ETF by 3.2% during the third quarter. Noble Wealth Management PBC now owns 4,839 shares of the company’s stock valued at $389,000 after purchasing an additional 151 shares in the last quarter.

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.