TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Stock Price Up 0.2% – Here’s What Happened

TCW Artificial Intelligence ETF (NYSEARCA:AIFD)’s share price rose 0.2% on Wednesday . The stock traded as high as $55.12 and last traded at $53.79. Approximately 41,876 shares changed hands during trading, an increase of 107% from the average session volume of 20,264 shares. The stock had previously closed at $53.66.

TCW Artificial Intelligence ETF Stock Performance

The company has a market capitalization of $126.96 million, a P/E ratio of 42.59 and a beta of 1.77. The stock’s fifty day moving average price is $49.69 and its 200-day moving average price is $42.52.

Institutional Trading of TCW Artificial Intelligence ETF

A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its holdings in TCW Artificial Intelligence ETF by 15.3% during the 4th quarter. Osaic Holdings Inc. now owns 7,547 shares of the company’s stock valued at $284,000 after purchasing an additional 1,000 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of TCW Artificial Intelligence ETF by 2.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 69,026 shares of the company’s stock valued at $2,594,000 after purchasing an additional 1,385 shares during the last quarter. LPL Financial LLC increased its holdings in shares of TCW Artificial Intelligence ETF by 18.8% in the fourth quarter. LPL Financial LLC now owns 31,640 shares of the company’s stock valued at $1,189,000 after purchasing an additional 5,006 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of TCW Artificial Intelligence ETF by 117.1% in the third quarter. Raymond James Financial Inc. now owns 15,357 shares of the company’s stock valued at $542,000 after purchasing an additional 8,283 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in shares of TCW Artificial Intelligence ETF in the fourth quarter valued at about $30,000.

TCW Artificial Intelligence ETF Company Profile

The TCW Artificial Intelligence ETF (AIFD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global equity securities of companies focusing on and benefiting from artificial intelligence. It primarily selects growth companies and seeks long-term growth of capital. AIFD was launched on May 6, 2024 and is issued by TCW.