Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) Reaches New 12-Month Low – Should You Sell?

Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) shares reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $31.68 and last traded at $31.38, with a volume of 124,044 shares trading hands. The stock had previously closed at $32.81.

Global X Robotics & Artificial Intelligence ETF Stock Up 1.3%

The business has a fifty day simple moving average of $34.49 and a two-hundred day simple moving average of $36.43. The company has a market cap of $2.90 billion, a P/E ratio of 27.41 and a beta of 1.53.

Hedge Funds Weigh In On Global X Robotics & Artificial Intelligence ETF

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new position in Global X Robotics & Artificial Intelligence ETF in the third quarter worth about $33,000. NBH Bank bought a new position in Global X Robotics & Artificial Intelligence ETF in the 2nd quarter worth about $38,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Global X Robotics & Artificial Intelligence ETF by 79.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 1,471 shares of the company’s stock worth $52,000 after buying an additional 650 shares during the period. Team Financial Group LLC purchased a new position in Global X Robotics & Artificial Intelligence ETF during the 3rd quarter valued at about $61,000. Finally, Glenmede Trust Co. NA raised its stake in Global X Robotics & Artificial Intelligence ETF by 18.1% in the first quarter. Glenmede Trust Co. NA now owns 5,434 shares of the company’s stock worth $181,000 after buying an additional 834 shares in the last quarter.

Global X Robotics & Artificial Intelligence ETF Company Profile

The Global X Robotics & Artificial Intelligence ETF (BOTZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides market- cap selected and weighted exposure to companies involved in the development and production of robots or artificial intelligence. BOTZ was launched on Sep 12, 2016 and is managed by Global X.