ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Stock Price Down 1.3% – Here’s What Happened

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ)’s share price fell 1.3% during trading on Friday . The stock traded as low as $124.13 and last traded at $124.97. 188,359 shares traded hands during trading, a decline of 47% from the average session volume of 353,010 shares. The stock had previously closed at $126.63.

ARK Autonomous Technology & Robotics ETF Stock Performance

The stock has a 50-day simple moving average of $123.38 and a two-hundred day simple moving average of $114.01. The firm has a market cap of $1.53 billion, a PE ratio of 32.86 and a beta of 1.40.

ARK Autonomous Technology & Robotics ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.3059 dividend. The ex-dividend date was Friday, December 26th. This represents a dividend yield of 26.0%.

Institutional Investors Weigh In On ARK Autonomous Technology & Robotics ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jaffetilchin Investment Partners LLC purchased a new stake in ARK Autonomous Technology & Robotics ETF during the 2nd quarter valued at $357,000. Strategic Blueprint LLC boosted its stake in shares of ARK Autonomous Technology & Robotics ETF by 470.1% in the 3rd quarter. Strategic Blueprint LLC now owns 28,796 shares of the company’s stock worth $3,213,000 after buying an additional 23,745 shares during the last quarter. PVG Asset Management Corp bought a new stake in shares of ARK Autonomous Technology & Robotics ETF in the second quarter worth $500,000. Western Wealth Management LLC purchased a new stake in ARK Autonomous Technology & Robotics ETF during the second quarter valued at $254,000. Finally, Strategic Advocates LLC increased its position in ARK Autonomous Technology & Robotics ETF by 2.0% during the fourth quarter. Strategic Advocates LLC now owns 19,947 shares of the company’s stock valued at $2,304,000 after acquiring an additional 386 shares during the last quarter.

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