iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Reaches New 12-Month High – What’s Next?

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $35.50 and last traded at $35.50, with a volume of 52003 shares traded. The stock had previously closed at $34.93.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Up 1.6 %

The firm’s 50-day moving average is $32.98 and its 200-day moving average is $33.32. The company has a market capitalization of $702.90 million, a PE ratio of 20.73 and a beta of 1.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new stake in iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter worth $128,000. Farther Finance Advisors LLC raised its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 179.7% during the second quarter. Farther Finance Advisors LLC now owns 17,942 shares of the company’s stock valued at $594,000 after acquiring an additional 11,527 shares during the last quarter. Family Firm Inc. bought a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter valued at about $57,000. Tsfg LLC raised its stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 128.2% during the second quarter. Tsfg LLC now owns 26,476 shares of the company’s stock valued at $879,000 after acquiring an additional 14,873 shares during the last quarter. Finally, Strategic Advocates LLC bought a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter valued at about $509,000.

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.