TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Trading 1.5% Higher – Should You Buy?

Shares of TCW Artificial Intelligence ETF (NYSEARCA:AIFD) traded up 1.5% on Friday . The company traded as high as $50.00 and last traded at $49.02. Approximately 10,666 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 19,991 shares. The stock had previously closed at $48.30.

TCW Artificial Intelligence ETF Stock Up 1.5%

The company has a 50-day moving average of $52.21 and a 200-day moving average of $45.43. The company has a market cap of $127.45 million, a PE ratio of 42.59 and a beta of 1.72.

Hedge Funds Weigh In On TCW Artificial Intelligence ETF

A number of hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of TCW Artificial Intelligence ETF by 2.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 69,026 shares of the company’s stock worth $2,594,000 after acquiring an additional 1,385 shares in the last quarter. LPL Financial LLC lifted its position in shares of TCW Artificial Intelligence ETF by 18.8% during 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 in the last quarter. Global Retirement Partners LLC boosted its holdings in TCW Artificial Intelligence ETF by 55.8% during the fourth quarter. Global Retirement Partners LLC now owns 19,285 shares of the company’s stock worth $725,000 after purchasing an additional 6,908 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in TCW Artificial Intelligence ETF by 117.1% during the third quarter. Raymond James Financial Inc. now owns 15,357 shares of the company’s stock worth $542,000 after purchasing an additional 8,283 shares during the last quarter. Finally, Sigma Planning Corp grew its position in TCW Artificial Intelligence ETF by 7.1% in the 4th quarter. Sigma Planning Corp now owns 14,568 shares of the company’s stock worth $547,000 after purchasing an additional 971 shares in the last quarter.

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.