ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) Stock Price Down 0.9% – Should You Sell?

Shares of ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) dropped 0.9% during trading on Monday . The stock traded as low as $35.11 and last traded at $35.20. Approximately 6,388 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 7,911 shares. The stock had previously closed at $35.53.

ROBO Global Healthcare Technology and Innovation ETF Price Performance

The firm has a market capitalization of $52.80 million, a price-to-earnings ratio of -9,837.90 and a beta of 1.11. The business’s 50 day moving average price is $36.32 and its 200-day moving average price is $33.74.

ROBO Global Healthcare Technology and Innovation ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a dividend of $0.3463 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 97.0%. ROBO Global Healthcare Technology and Innovation ETF’s payout ratio is presently -558.97%.

Institutional Trading of ROBO Global Healthcare Technology and Innovation ETF

An institutional investor recently bought a new position in ROBO Global Healthcare Technology and Innovation ETF stock. Flow Traders U.S. LLC purchased a new stake in ROBO Global Healthcare Technology and Innovation ETF (NYSEARCA:HTEC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,631 shares of the company’s stock, valued at approximately $1,302,000. Flow Traders U.S. LLC owned approximately 3.00% of ROBO Global Healthcare Technology and Innovation ETF at the end of the most recent reporting period. Institutional investors and hedge funds own 1.96% of the company’s stock.

About ROBO Global Healthcare Technology and Innovation ETF

The Robo Global Healthcare Technology and Innovation ETF (HTEC) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a proprietary index of global health care technology companies. HTEC was launched on Jun 25, 2019 and is managed by ROBO Global.