Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Hits New 1-Year High – Here’s What Happened

Shares of Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) reached a new 52-week high during trading on Friday . The stock traded as high as $79.53 and last traded at $79.07, with a volume of 201432 shares traded. The stock had previously closed at $77.99.

Roundhill Generative AI & Technology ETF Price Performance

The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 21.50 and a beta of 1.58. The business’s 50 day moving average price is $67.35 and its 200-day moving average price is $63.71.

Hedge Funds Weigh In On Roundhill Generative AI & Technology ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHAT. Price Capital Management Inc. acquired a new stake in shares of Roundhill Generative AI & Technology ETF in the 3rd quarter valued at approximately $7,894,000. Providence First Trust Co acquired a new stake in Roundhill Generative AI & Technology ETF in the fourth quarter valued at $1,202,000. Janney Montgomery Scott LLC boosted its position in shares of Roundhill Generative AI & Technology ETF by 41.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 63,098 shares of the company’s stock worth $3,720,000 after purchasing an additional 18,467 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Roundhill Generative AI & Technology ETF during the 3rd quarter worth $558,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Roundhill Generative AI & Technology ETF during the 3rd quarter worth $537,000.

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.