iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Hits New 52-Week High – Still a Buy?

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $37.83 and last traded at $37.41, with a volume of 144287 shares changing hands. The stock had previously closed at $37.18.

iShares Robotics and Artificial Intelligence Multisector ETF Price Performance

The stock has a market cap of $740.32 million, a price-to-earnings ratio of 20.73 and a beta of 1.45. The stock’s 50 day simple moving average is $35.05 and its two-hundred day simple moving average is $33.89.

Institutional Trading of iShares Robotics and Artificial Intelligence Multisector ETF

Several institutional investors have recently bought and sold shares of the stock. LRI Investments LLC bought a new position in iShares Robotics and Artificial Intelligence Multisector ETF during the 3rd quarter valued at about $126,000. Flow Traders U.S. LLC raised its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 131.2% in the third quarter. Flow Traders U.S. LLC now owns 130,177 shares of the company’s stock valued at $4,457,000 after acquiring an additional 73,873 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter worth approximately $128,000. Farther Finance Advisors LLC grew its position in iShares Robotics and Artificial Intelligence Multisector ETF by 179.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 17,942 shares of the company’s stock worth $594,000 after acquiring an additional 11,527 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter valued at $57,000.

About iShares Robotics and Artificial Intelligence Multisector ETF

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.