Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Hits New 12-Month High – Still a Buy?

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $87.77 and last traded at $87.67, with a volume of 297393 shares trading hands. The stock had previously closed at $84.24.

Roundhill Generative AI & Technology ETF Stock Performance

The firm’s 50 day moving average is $69.74 and its 200-day moving average is $64.63. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 21.50 and a beta of 1.74.

Hedge Funds Weigh In On Roundhill Generative AI & Technology ETF

A number of hedge funds have recently bought and sold shares of the business. Cary Street Partners Financial LLC acquired a new position in Roundhill Generative AI & Technology ETF during the third quarter worth $558,000. Price Capital Management Inc. acquired a new stake in Roundhill Generative AI & Technology ETF during the 3rd quarter worth $7,894,000. Providence First Trust Co acquired a new stake in Roundhill Generative AI & Technology ETF during the 4th quarter worth $1,202,000. Valeo Financial Advisors LLC acquired a new stake in Roundhill Generative AI & Technology ETF during the 3rd quarter worth $537,000. Finally, JPMorgan Chase & Co. acquired a new stake in Roundhill Generative AI & Technology ETF during the 2nd quarter worth $63,000.

Roundhill Generative AI & Technology ETF Company Profile

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.