ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) Trading 3% Higher – Here’s Why

ARK Autonomous Technology & Robotics ETF (BATS:ARKQ)’s stock price traded up 3% on Tuesday . The company traded as high as $120.84 and last traded at $120.10. 84,463 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 225,255 shares. The stock had previously closed at $116.63.

ARK Autonomous Technology & Robotics ETF Trading Up 3.0%

The firm’s 50 day moving average is $130.20 and its two-hundred day moving average is $126.09. The firm has a market cap of $1.47 billion, a P/E ratio of 32.86 and a beta of 1.40.

Institutional Investors Weigh In On ARK Autonomous Technology & Robotics ETF

Several hedge funds have recently bought and sold shares of ARKQ. BNP Paribas Financial Markets boosted its position in shares of ARK Autonomous Technology & Robotics ETF by 67,855.4% during the fourth quarter. BNP Paribas Financial Markets now owns 100,574 shares of the company’s stock worth $11,532,000 after purchasing an additional 100,426 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ARK Autonomous Technology & Robotics ETF by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,277 shares of the company’s stock valued at $4,159,000 after buying an additional 4,060 shares during the period. Strategic Advocates LLC increased its position in shares of ARK Autonomous Technology & Robotics ETF by 2.0% in the 4th quarter. Strategic Advocates LLC now owns 19,947 shares of the company’s stock valued at $2,304,000 after buying an additional 386 shares in the last quarter. Crescent Grove Advisors LLC increased its position in shares of ARK Autonomous Technology & Robotics ETF by 1.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 13,263 shares of the company’s stock valued at $1,521,000 after buying an additional 175 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in ARK Autonomous Technology & Robotics ETF by 7.8% during the 4th quarter. NewEdge Advisors LLC now owns 8,118 shares of the company’s stock worth $931,000 after buying an additional 584 shares during the period.

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.