Flow Traders U.S. LLC Makes New Investment in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO)

Flow Traders U.S. LLC acquired a new position in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) during the third quarter, HoldingsChannel reports. The institutional investor acquired 83,393 shares of the company’s stock, valued at approximately $4,759,000.

Several other hedge funds have also recently made changes to their positions in the business. Crestwood Advisors Group LLC lifted its stake in ROBO Global Robotics & Automation ETF by 1.6% in the second quarter. Crestwood Advisors Group LLC now owns 55,887 shares of the company’s stock worth $3,079,000 after acquiring an additional 879 shares during the period. Valley Wealth Managers Inc. lifted its position in shares of ROBO Global Robotics & Automation ETF by 0.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock worth $2,173,000 after purchasing an additional 294 shares during the period. Curbstone Financial Management Corp boosted its stake in shares of ROBO Global Robotics & Automation ETF by 1.0% during the 2nd quarter. Curbstone Financial Management Corp now owns 20,830 shares of the company’s stock valued at $1,148,000 after purchasing an additional 200 shares in the last quarter. Burke & Herbert Bank & Trust Co. purchased a new position in shares of ROBO Global Robotics & Automation ETF during the second quarter valued at about $1,111,000. Finally, Farther Finance Advisors LLC raised its stake in ROBO Global Robotics & Automation ETF by 6.1% in the second quarter. Farther Finance Advisors LLC now owns 8,109 shares of the company’s stock worth $443,000 after buying an additional 469 shares in the last quarter.

ROBO Global Robotics & Automation ETF Stock Performance

ROBO Global Robotics & Automation ETF stock opened at $57.55 on Friday. ROBO Global Robotics & Automation ETF has a fifty-two week low of $49.24 and a fifty-two week high of $59.75. The stock’s 50 day simple moving average is $56.55 and its two-hundred day simple moving average is $55.57. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 28.27 and a beta of 1.28.

ROBO Global Robotics & Automation ETF Profile

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.