Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Reaches New 12-Month High – Should You Buy?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $65.65 and last traded at $65.10, with a volume of 2332948 shares. The stock had previously closed at $65.20.

Global X Artificial Intelligence & Technology ETF Stock Performance

The firm has a market capitalization of $10.09 billion, a P/E ratio of -382.94 and a beta of 1.29. The company has a 50-day moving average price of $54.29 and a 200-day moving average price of $51.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in Global X Artificial Intelligence & Technology ETF by 2.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,531,632 shares of the technology ETF’s stock worth $77,899,000 after acquiring an additional 39,357 shares in the last quarter. Valley Wealth Managers Inc. lifted its holdings in Global X Artificial Intelligence & Technology ETF by 15.0% during the first quarter. Valley Wealth Managers Inc. now owns 748,911 shares of the technology ETF’s stock worth $34,952,000 after acquiring an additional 97,869 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Global X Artificial Intelligence & Technology ETF during the third quarter worth about $14,271,000. Janney Montgomery Scott LLC lifted its holdings in Global X Artificial Intelligence & Technology ETF by 27.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 141,789 shares of the technology ETF’s stock worth $7,211,000 after acquiring an additional 30,723 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Global X Artificial Intelligence & Technology ETF by 16.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,652 shares of the technology ETF’s stock worth $2,752,000 after acquiring an additional 10,407 shares in the last quarter. 27.02% of the stock is currently owned by institutional investors.

About Global X Artificial Intelligence & Technology ETF

Global X Artificial Intelligence & Technology ETF