VanEck Robotics ETF (NASDAQ:IBOT) Shares Down 0.7% – Time to Sell?

VanEck Robotics ETF (NASDAQ:IBOTGet Free Report) shares traded down 0.7% during mid-day trading on Monday . The stock traded as low as $62.71 and last traded at $62.86. Approximately 16,263 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 19,548 shares. The stock had previously closed at $63.31.

VanEck Robotics ETF Trading Down 0.7%

The firm has a market capitalization of $93.03 million, a P/E ratio of 27.21 and a beta of 1.35. The business’s fifty day moving average is $65.76 and its 200 day moving average is $60.43.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of VanEck Robotics ETF during the 1st quarter valued at $256,000. First Heartland Consultants Inc. bought a new stake in shares of VanEck Robotics ETF during the 2nd quarter worth $420,000. Finally, Accel Wealth Management grew its holdings in shares of VanEck Robotics ETF by 8.8% in the 4th quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock worth $519,000 after acquiring an additional 800 shares during the last quarter.

About VanEck Robotics ETF

(Get Free Report)

The Vaneck Robotics ETF (IBOT) is an exchange-traded fund that is based on the BlueStar Robotics index. The fund tracks an index designed to provide exposure to companies involved in early adoption of commercial and industrial robotics, globally. Stocks are selected based on the amount of revenue tied to the theme IBOT was launched on Apr 5, 2023 and is managed by VanEck.

Further Reading

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