ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Reaches New 12-Month Low – Here’s What Happened

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) shares reached a new 52-week low during trading on Thursday. The company traded as low as $98.24 and last traded at $100.9650, with a volume of 82,875 shares changing hands. The stock had previously closed at $107.74.

ARK Autonomous Technology & Robotics ETF Trading Up 5.5%

The firm has a market cap of $1.28 billion, a PE ratio of 32.86 and a beta of 1.40. The firm has a fifty day simple moving average of $118.79 and a two-hundred day simple moving average of $123.63.

Institutional Trading of ARK Autonomous Technology & Robotics ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC purchased a new position in ARK Autonomous Technology & Robotics ETF during the 3rd quarter valued at $85,000. Atlas Wealth LLC bought a new position in ARK Autonomous Technology & Robotics ETF in the 1st quarter worth $76,000. Valeo Financial Advisors LLC bought a new position in ARK Autonomous Technology & Robotics ETF in the 2nd quarter worth $202,000. Continuum Advisory LLC purchased a new stake in shares of ARK Autonomous Technology & Robotics ETF in the 2nd quarter worth about $26,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of ARK Autonomous Technology & Robotics ETF in the 3rd quarter worth about $221,000.

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.