Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Reaches New 12-Month High – Here’s What Happened

Shares of Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) reached a new 52-week high on Monday . The stock traded as high as $75.64 and last traded at $75.43, with a volume of 97934 shares. The stock had previously closed at $75.09.

Roundhill Generative AI & Technology ETF Trading Up 0.5%

The firm has a fifty day moving average of $64.84 and a two-hundred day moving average of $62.86. The company has a market cap of $1.30 billion, a PE ratio of 21.50 and a beta of 1.58.

Hedge Funds Weigh In On Roundhill Generative AI & Technology ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morse Asset Management Inc bought a new position in Roundhill Generative AI & Technology ETF during the third quarter worth about $26,000. Parallel Advisors LLC bought a new position in Roundhill Generative AI & Technology ETF during the third quarter worth about $38,000. IFP Advisors Inc boosted its position in Roundhill Generative AI & Technology ETF by 29.4% during the third quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $51,000 after purchasing an additional 188 shares during the period. JPMorgan Chase & Co. bought a new position in Roundhill Generative AI & Technology ETF during the second quarter worth about $63,000. Finally, Flagship Harbor Advisors LLC bought a new position in Roundhill Generative AI & Technology ETF during the fourth quarter worth about $77,000.

About Roundhill Generative AI & Technology ETF

The Roundhill Generative AI & Technology ETF (CHAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in 25 to 50 companies around the world that are involved in generative artificial intelligence and other related technologies. CHAT was launched on May 18, 2023 and is managed by Roundhill.