TCW Artificial Intelligence ETF $AIFD Stock Position Boosted by Lido Advisors LLC

Lido Advisors LLC raised its position in TCW Artificial Intelligence ETF (NASDAQ:AIFD) by 246.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,889 shares of the company’s stock after purchasing an additional 35,476 shares during the quarter. Lido Advisors LLC owned 1.95% of TCW Artificial Intelligence ETF worth $2,702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC acquired a new position in shares of TCW Artificial Intelligence ETF during the third quarter worth about $3,974,000. Envestnet Asset Management Inc. raised its position in TCW Artificial Intelligence ETF by 15.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,300 shares of the company’s stock valued at $1,070,000 after buying an additional 2,607 shares during the last quarter. Citadel Advisors LLC raised its position in TCW Artificial Intelligence ETF by 42.2% in the 2nd quarter. Citadel Advisors LLC now owns 9,805 shares of the company’s stock valued at $544,000 after buying an additional 2,909 shares during the last quarter. GK Wealth Management LLC acquired a new stake in TCW Artificial Intelligence ETF in the 2nd quarter valued at approximately $437,000. Finally, Revisor Wealth Management LLC raised its position in TCW Artificial Intelligence ETF by 7.2% in the 3rd quarter. Revisor Wealth Management LLC now owns 5,956 shares of the company’s stock valued at $307,000 after buying an additional 398 shares during the last quarter.

TCW Artificial Intelligence ETF Stock Performance

NASDAQ AIFD traded down $0.67 during trading on Friday, hitting $43.91. The stock had a trading volume of 2,467 shares, compared to its average volume of 17,622. The company has a market capitalization of $112.41 million, a PE ratio of 31.73 and a beta of 1.83. The company’s 50-day moving average price is $50.69 and its two-hundred day moving average price is $47.92. TCW Artificial Intelligence ETF has a 12 month low of $33.69 and a 12 month high of $57.80.

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.