Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Sets New 52-Week High – Here’s Why

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $53.80 and last traded at $53.8950, with a volume of 10745 shares. The stock had previously closed at $53.11.

Global X Artificial Intelligence & Technology ETF Trading Up 0.9%

The company has a market capitalization of $8.06 billion, a P/E ratio of -315.68 and a beta of 1.18. The firm’s 50 day moving average price is $51.09 and its two-hundred day moving average price is $48.97.

Global X Artificial Intelligence & Technology ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were paid a $0.0451 dividend. This represents a yield of 18.0%. The ex-dividend date was Tuesday, December 30th. Global X Artificial Intelligence & Technology ETF’s payout ratio is presently -52.94%.

Hedge Funds Weigh In On Global X Artificial Intelligence & Technology ETF

A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Global X Artificial Intelligence & Technology ETF by 16.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,652 shares of the technology ETF’s stock valued at $2,752,000 after acquiring an additional 10,407 shares during the last quarter. Park Place Capital Corp acquired a new position in shares of Global X Artificial Intelligence & Technology ETF during the 2nd quarter worth approximately $66,000. Grassi Investment Management raised its stake in shares of Global X Artificial Intelligence & Technology ETF by 3.2% during the 2nd quarter. Grassi Investment Management now owns 23,683 shares of the technology ETF’s stock worth $1,035,000 after purchasing an additional 725 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Global X Artificial Intelligence & Technology ETF by 101.7% in the 2nd quarter. Belpointe Asset Management LLC now owns 54,210 shares of the technology ETF’s stock valued at $2,368,000 after buying an additional 27,333 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of Global X Artificial Intelligence & Technology ETF in the 2nd quarter valued at approximately $462,000. 27.02% of the stock is currently owned by institutional investors and hedge funds.

Global X Artificial Intelligence & Technology ETF Company Profile

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Global X Artificial Intelligence & Technology ETF

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