Pinnacle Wealth Management Advisory Group LLC Increases Holdings in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO)

Pinnacle Wealth Management Advisory Group LLC increased its stake in ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,882 shares of the company’s stock after acquiring an additional 882 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in ROBO Global Robotics & Automation ETF were worth $853,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of ROBO Global Robotics & Automation ETF by 16.7% in the third quarter. Bank of New York Mellon Corp now owns 15,715 shares of the company’s stock valued at $791,000 after acquiring an additional 2,254 shares during the period. Valley Wealth Managers Inc. bought a new position in ROBO Global Robotics & Automation ETF during the 3rd quarter valued at about $2,861,000. Crestwood Advisors Group LLC purchased a new stake in ROBO Global Robotics & Automation ETF in the 3rd quarter worth about $2,461,000. SOL Capital Management CO lifted its stake in ROBO Global Robotics & Automation ETF by 1.1% in the fourth quarter. SOL Capital Management CO now owns 24,219 shares of the company’s stock worth $1,388,000 after purchasing an additional 275 shares during the last quarter. Finally, Crescent Grove Advisors LLC purchased a new position in shares of ROBO Global Robotics & Automation ETF during the fourth quarter valued at approximately $201,000.

ROBO Global Robotics & Automation ETF Price Performance

Shares of ROBO traded up $0.07 during mid-day trading on Wednesday, reaching $56.58. 51,363 shares of the company’s stock traded hands, compared to its average volume of 71,104. ROBO Global Robotics & Automation ETF has a 12 month low of $45.42 and a 12 month high of $60.29. The stock has a market cap of $1.29 billion, a P/E ratio of 28.27 and a beta of 1.28. The stock’s 50-day moving average is $56.67 and its two-hundred day moving average is $54.65.

ROBO Global Robotics & Automation ETF Profile

The Robo Global Robotics and Automation Index ETF (ROBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a global index of companies involved in robotics and automation. The portfolio utilizes a tiered weighting strategy. ROBO was launched on Oct 22, 2013 and is managed by ROBO Global.