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)’s share price reached a new 52-week high on Tuesday . The company traded as high as $37.87 and last traded at $37.82, with a volume of 97311 shares trading hands. The stock had previously closed at $37.77.

iShares Robotics and Artificial Intelligence Multisector ETF Price Performance

The firm has a market capitalization of $748.84 million, a P/E ratio of 20.73 and a beta of 1.45. The firm’s 50 day moving average is $35.33 and its two-hundred day moving average is $33.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IRBO. Comerica Bank increased its position in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 4.4% in the first quarter. Comerica Bank now owns 12,135 shares of the company’s stock worth $417,000 after purchasing an additional 512 shares during the period. Lynx Investment Advisory acquired a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter valued at approximately $25,000. Strategic Advocates LLC acquired a new position in shares of iShares Robotics and Artificial Intelligence Multisector ETF in the 2nd quarter valued at approximately $509,000. Tsfg LLC lifted its holdings in shares of iShares Robotics and Artificial Intelligence Multisector ETF by 128.2% during the 2nd quarter. Tsfg LLC now owns 26,476 shares of the company’s stock worth $879,000 after acquiring an additional 14,873 shares during the period. Finally, Family Firm Inc. acquired a new stake in shares of iShares Robotics and Artificial Intelligence Multisector ETF during the 2nd quarter worth approximately $57,000.

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.