Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.03 and traded as high as $50.03. Global X Artificial Intelligence & Technology ETF shares last traded at $49.87, with a volume of 2,283,347 shares trading hands.

Global X Artificial Intelligence & Technology ETF Stock Performance

The company has a market capitalization of $6.70 billion, a PE ratio of -293.35 and a beta of 1.18. The company’s 50-day moving average is $50.82 and its 200 day moving average is $47.03.

Institutional Investors Weigh In On Global X Artificial Intelligence & Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Crowley Wealth Management Inc. increased its holdings in Global X Artificial Intelligence & Technology ETF by 44.2% in the 2nd quarter. Crowley Wealth Management Inc. now owns 4,685 shares of the technology ETF’s stock worth $205,000 after buying an additional 1,435 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Global X Artificial Intelligence & Technology ETF by 70.8% during the 1st quarter. Baird Financial Group Inc. now owns 22,782 shares of the technology ETF’s stock valued at $829,000 after acquiring an additional 9,443 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Global X Artificial Intelligence & Technology ETF by 42.3% in the second quarter. Parallel Advisors LLC now owns 3,525 shares of the technology ETF’s stock worth $154,000 after acquiring an additional 1,048 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Global X Artificial Intelligence & Technology ETF by 25.4% during the first quarter. Raymond James Financial Inc. now owns 600,833 shares of the technology ETF’s stock valued at $21,858,000 after purchasing an additional 121,639 shares during the last quarter. Finally, Park Place Capital Corp bought a new stake in Global X Artificial Intelligence & Technology ETF in the 2nd quarter worth approximately $66,000. Institutional investors own 27.02% of the company’s stock.

About Global X Artificial Intelligence & Technology ETF

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Global X Artificial Intelligence & Technology ETF

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