ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Trading Down 1.7% – Here’s What Happened

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) shares were down 1.7% during mid-day trading on Wednesday . The stock traded as low as $76.96 and last traded at $77.25. Approximately 133,598 shares traded hands during trading, The stock had previously closed at $78.55.

ARK Autonomous Technology & Robotics ETF Trading Down 1.7 %

The stock has a 50 day simple moving average of $72.81 and a 200 day simple moving average of $62.55. The firm has a market capitalization of $1.23 billion, a PE ratio of 28.71 and a beta of 1.56.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in ARK Autonomous Technology & Robotics ETF by 56.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 555 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. Fairscale Capital LLC purchased a new position in shares of ARK Autonomous Technology & Robotics ETF during the second quarter valued at approximately $122,000. Strategic Blueprint LLC bought a new position in shares of ARK Autonomous Technology & Robotics ETF during the third quarter valued at approximately $228,000. Highline Wealth Partners LLC purchased a new stake in ARK Autonomous Technology & Robotics ETF in the third quarter worth $421,000. Finally, Heritage Wealth Management Inc. purchased a new position in ARK Autonomous Technology & Robotics ETF during the 2nd quarter valued at $215,000.

ARK Autonomous Technology & Robotics ETF Company Profile

The ARK Autonomous Technology & Robotics ETF (ARKQ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund with a broad mandate to invest in companies that its managers identify as benefiting from automation and other technological advancements.