WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading 5.6% Higher – Time to Buy?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s stock price traded up 5.6% during mid-day trading on Tuesday . The stock traded as high as $28.27 and last traded at $28.23. 196,903 shares changed hands during trading, an increase of 30% from the average session volume of 151,392 shares. The stock had previously closed at $26.73.

WisdomTree Artificial Intelligence and Innovation Fund Price Performance

The company has a fifty day moving average price of $29.63 and a two-hundred day moving average price of $29.68. The company has a market capitalization of $248.71 million, a P/E ratio of 25.61 and a beta of 1.43.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

A number of institutional investors have recently added to or reduced their stakes in WTAI. AdvisorNet Financial Inc raised its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 0.6% during the third quarter. AdvisorNet Financial Inc now owns 71,609 shares of the company’s stock valued at $2,045,000 after acquiring an additional 395 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 62.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock worth $86,000 after purchasing an additional 1,133 shares during the period. Private Trust Co. NA grew its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 1,017.9% in the fourth quarter. Private Trust Co. NA now owns 1,621 shares of the company’s stock worth $47,000 after purchasing an additional 1,476 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the fourth quarter valued at $51,000. Finally, Western Wealth Management LLC increased its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 23.1% in the fourth quarter. Western Wealth Management LLC now owns 10,980 shares of the company’s stock valued at $320,000 after purchasing an additional 2,063 shares during the period.

WisdomTree Artificial Intelligence and Innovation Fund Company Profile

The WisdomTree Artificial Intelligence and Innovation Fund (WTAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equally-weighted index of globally-listed stocks whose businesses are derived from artificial intelligence and innovation. Selection and weighting are overseen by a committee. WTAI was launched on Dec 9, 2021 and is managed by WisdomTree.