ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Hits New 52-Week High – Should You Buy?

ARK Autonomous Technology & Robotics ETF (BATS:ARKQGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $135.39 and last traded at $135.38, with a volume of 38466 shares. The stock had previously closed at $134.87.

ARK Autonomous Technology & Robotics ETF Stock Up 0.8%

The firm’s 50-day moving average price is $122.29 and its 200-day moving average price is $120.45. The company has a market cap of $1.67 billion, a P/E ratio of 32.86 and a beta of 1.40.

Institutional Trading of ARK Autonomous Technology & Robotics ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ARKQ. Bessemer Group Inc. increased its holdings in 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 acquiring an additional 280 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in ARK Autonomous Technology & Robotics ETF during the 3rd quarter worth approximately $37,000. Russell Investments Group Ltd. increased its holdings in ARK Autonomous Technology & Robotics ETF by 258.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 538 shares of the company’s stock worth $60,000 after acquiring an additional 388 shares during the period. FWL Investment Management LLC bought a new stake in ARK Autonomous Technology & Robotics ETF during the 2nd quarter worth approximately $61,000. Finally, Atlas Wealth LLC bought a new stake in ARK Autonomous Technology & Robotics ETF during the 1st quarter worth approximately $76,000.

ARK Autonomous Technology & Robotics ETF Company Profile

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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. ARKQ was launched on Sep 30, 2014 and is managed by ARK.

Further Reading

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