iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Sets New 1-Year High – Still a Buy?

Shares of iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $37.83 and last traded at $37.41, with a volume of 144287 shares traded. The stock had previously closed at $37.18.

iShares Robotics and Artificial Intelligence Multisector ETF Price Performance

The company has a market capitalization of $740.72 million, a P/E ratio of 20.73 and a beta of 1.45. The firm has a fifty day moving average price of $34.86 and a 200-day moving average price of $33.83.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its stake 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 worth $417,000 after acquiring an additional 512 shares during the period. Lynx Investment Advisory bought a new position in iShares Robotics and Artificial Intelligence Multisector ETF during the second quarter worth about $25,000. Adirondack Trust Co. purchased a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter worth about $50,000. Family Firm Inc. bought a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the second quarter valued at approximately $57,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter valued at approximately $128,000.

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.