iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Hits New 1-Year High – Still a Buy?

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $36.41 and last traded at $36.29, with a volume of 113466 shares. The stock had previously closed at $36.40.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Down 0.3 %

The company has a market capitalization of $718.54 million, a PE ratio of 20.73 and a beta of 1.45. The business’s 50 day simple moving average is $34.21 and its 200 day simple moving average is $33.65.

Hedge Funds Weigh In On iShares Robotics and Artificial Intelligence Multisector ETF

Several institutional investors have recently modified their holdings of the stock. Lynx Investment Advisory bought a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter valued at about $25,000. Adirondack Trust Co. bought a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter worth about $50,000. Family Firm Inc. purchased a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter valued at about $57,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter valued at approximately $128,000. Finally, Comerica Bank lifted its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 4.4% in the 1st quarter. Comerica Bank now owns 12,135 shares of the company’s stock valued at $417,000 after purchasing an additional 512 shares during the period.

iShares Robotics and Artificial Intelligence Multisector ETF Company Profile

The iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equal-weighted index of global equities involved in robotics and artificial intelligence. IRBO was launched on Jun 26, 2018 and is managed by BlackRock.