AdvisorNet Financial Inc Cuts Holdings in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO)

AdvisorNet Financial Inc reduced its position in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,443 shares of the company’s stock after selling 1,637 shares during the period. AdvisorNet Financial Inc’s holdings in ROBO Global Robotics & Automation ETF were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. AlphaMark Advisors LLC increased its stake in ROBO Global Robotics & Automation ETF by 286.5% in the 3rd quarter. AlphaMark Advisors LLC now owns 1,720 shares of the company’s stock worth $98,000 after acquiring an additional 1,275 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ROBO Global Robotics & Automation ETF by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 3,616 shares of the company’s stock valued at $206,000 after purchasing an additional 411 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of ROBO Global Robotics & Automation ETF in the second quarter valued at $420,000. Valley Wealth Managers Inc. increased its position in ROBO Global Robotics & Automation ETF by 0.8% in the third quarter. Valley Wealth Managers Inc. now owns 38,074 shares of the company’s stock worth $2,173,000 after purchasing an additional 294 shares during the last quarter. Finally, Silverleafe Capital Partners LLC raised its stake in ROBO Global Robotics & Automation ETF by 5.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 63,289 shares of the company’s stock valued at $3,561,000 after purchasing an additional 3,023 shares in the last quarter.

ROBO Global Robotics & Automation ETF Stock Up 1.9 %

ROBO stock opened at $56.98 on Thursday. The company has a fifty day simple moving average of $57.15 and a two-hundred day simple moving average of $55.86. ROBO Global Robotics & Automation ETF has a 52 week low of $49.24 and a 52 week high of $59.75. The firm has a market capitalization of $1.30 billion, a P/E ratio of 28.27 and a beta of 1.28.

ROBO Global Robotics & Automation ETF Company Profile

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.