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

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.55 and last traded at $38.69, with a volume of 159093 shares. The stock had previously closed at $39.13.

iShares Robotics and Artificial Intelligence Multisector ETF Trading Down 1.1 %

The firm has a 50 day simple moving average of $35.64 and a two-hundred day simple moving average of $34.08. The company has a market capitalization of $766.06 million, a PE ratio of 20.73 and a beta of 1.45.

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

A number of large investors have recently modified their holdings of the company. Family Firm Inc. acquired a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter worth approximately $57,000. LRI Investments LLC acquired a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the third quarter worth approximately $126,000. Ashton Thomas Private Wealth LLC purchased a new position in iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter valued at about $128,000. Comerica Bank raised its holdings in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 4.4% during 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of 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 valued at $594,000 after acquiring an additional 11,527 shares during the last quarter.

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.