ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) Sees Unusually-High Trading Volume

Shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) saw strong trading volume on Thursday . 44,847 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 70,812 shares.The stock last traded at $56.63 and had previously closed at $56.58.

ROBO Global Robotics & Automation ETF Stock Performance

The stock’s 50-day simple moving average is $56.67 and its two-hundred day simple moving average is $54.65. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 28.27 and a beta of 1.28.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC bought a new stake in shares of ROBO Global Robotics & Automation ETF in the first quarter valued at approximately $33,000. BNP Paribas Financial Markets boosted its holdings in ROBO Global Robotics & Automation ETF by 361.4% in the 1st quarter. BNP Paribas Financial Markets now owns 1,495 shares of the company’s stock valued at $88,000 after purchasing an additional 1,171 shares during the period. Crescent Grove Advisors LLC bought a new stake in ROBO Global Robotics & Automation ETF in the 4th quarter valued at $201,000. Accordant Advisory Group Inc acquired a new stake in ROBO Global Robotics & Automation ETF in the 1st quarter worth $274,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of ROBO Global Robotics & Automation ETF by 16.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 15,715 shares of the company’s stock worth $791,000 after purchasing an additional 2,254 shares during the period.

About ROBO Global Robotics & Automation ETF

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.