TCW Artificial Intelligence ETF (NYSEARCA:AIFD – Get Free Report)’s share price was up 2% during trading on Thursday . The company traded as high as $54.02 and last traded at $53.08. Approximately 20,024 shares traded hands during trading, a decline of 4% from the average daily volume of 20,792 shares. The stock had previously closed at $52.03.
TCW Artificial Intelligence ETF Stock Performance
The company’s fifty day moving average is $52.30 and its two-hundred day moving average is $44.22. The company has a market cap of $137.25 million, a price-to-earnings ratio of 42.59 and a beta of 1.72.
Institutional Trading of TCW Artificial Intelligence ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of TCW Artificial Intelligence ETF in the second quarter worth $218,000. Susquehanna International Group LLP acquired a new position in TCW Artificial Intelligence ETF during the third quarter valued at $281,000. Sunbelt Securities Inc. lifted its position in TCW Artificial Intelligence ETF by 103.7% during the third quarter. Sunbelt Securities Inc. now owns 2,239 shares of the company’s stock valued at $79,000 after purchasing an additional 1,140 shares during the period. Sigma Planning Corp boosted its holdings in TCW Artificial Intelligence ETF by 7.1% in the fourth quarter. Sigma Planning Corp now owns 14,568 shares of the company’s stock valued at $547,000 after purchasing an additional 971 shares during the last quarter. Finally, PNC Financial Services Group Inc. acquired a new stake in TCW Artificial Intelligence ETF during the 4th quarter worth about $30,000.
About TCW Artificial Intelligence ETF
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.
Further Reading
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