Sandy Spring Bank bought a new stake in iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,113 shares of the company’s stock, valued at approximately $66,000.
Several other institutional investors and hedge funds also recently made changes to their positions in IRBO. WFA of San Diego LLC acquired a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the fourth quarter worth approximately $32,000. Creative Financial Designs Inc. ADV acquired a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the first quarter worth approximately $95,000. Kovack Advisors Inc. grew its position in iShares Robotics and Artificial Intelligence Multisector ETF by 5.4% during the fourth quarter. Kovack Advisors Inc. now owns 9,691 shares of the company’s stock worth $247,000 after buying an additional 500 shares in the last quarter. Flow Traders U.S. LLC grew its position in iShares Robotics and Artificial Intelligence Multisector ETF by 2.4% during the first quarter. Flow Traders U.S. LLC now owns 27,982 shares of the company’s stock worth $962,000 after buying an additional 666 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in iShares Robotics and Artificial Intelligence Multisector ETF during the fourth quarter worth approximately $1,955,000.
iShares Robotics and Artificial Intelligence Multisector ETF Price Performance
Shares of NYSEARCA:IRBO opened at $32.99 on Tuesday. The company has a market capitalization of $481.65 million, a P/E ratio of 11.56 and a beta of 1.13. iShares Robotics and Artificial Intelligence Multisector ETF has a 1 year low of $22.21 and a 1 year high of $35.39. The business’s 50 day simple moving average is $33.13 and its 200 day simple moving average is $31.06.
iShares Robotics and Artificial Intelligence Multisector ETF Company Profile
The iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equal-weighted index of global equities involved in robotics and artificial intelligence. IRBO was launched on Jun 26, 2018 and is managed by BlackRock.
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