ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Trading 48.4% Higher – Here’s What Happened

Shares of ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) were up 48.4% on Tuesday . The company traded as high as $80.67 and last traded at $115.0880. Approximately 133,914 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 124,404 shares. The stock had previously closed at $77.54.

ARK Autonomous Technology & Robotics ETF Stock Performance

The stock has a 50 day moving average of $112.88 and a two-hundred day moving average of $96.68. The firm has a market capitalization of $1.41 billion, a P/E ratio of 32.86 and a beta of 1.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARKQ. Advisors Preferred LLC acquired a new position in ARK Autonomous Technology & Robotics ETF during the 3rd quarter worth $315,000. JPMorgan Chase & Co. increased its stake in shares of ARK Autonomous Technology & Robotics ETF by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 37,277 shares of the company’s stock worth $4,159,000 after purchasing an additional 4,060 shares during the period. Bessemer Group Inc. lifted its position in shares of ARK Autonomous Technology & Robotics ETF by 2,333.3% during the 3rd quarter. Bessemer Group Inc. now owns 292 shares of the company’s stock worth $32,000 after purchasing an additional 280 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in ARK Autonomous Technology & Robotics ETF by 5,005.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,787 shares of the company’s stock valued at $199,000 after purchasing an additional 1,752 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in ARK Autonomous Technology & Robotics ETF in the 3rd quarter valued at approximately $222,000.

About ARK Autonomous Technology & Robotics ETF

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.