TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Trading 1% Higher – Time to Buy?

TCW Artificial Intelligence ETF (NYSEARCA:AIFD) shares shot up 1% during trading on Friday . The company traded as high as $38.27 and last traded at $38.23. 1,995 shares were traded during trading, a decline of 88% from the average session volume of 16,766 shares. The stock had previously closed at $37.84.

TCW Artificial Intelligence ETF Trading Up 1.0%

The firm’s 50 day moving average is $37.35 and its two-hundred day moving average is $34.79. The stock has a market cap of $86.40 million, a price-to-earnings ratio of 42.59 and a beta of 1.82.

Hedge Funds Weigh In On TCW Artificial Intelligence ETF

Several institutional investors and hedge funds have recently modified their holdings of AIFD. Sunbelt Securities Inc. boosted 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 worth $79,000 after acquiring an additional 1,140 shares during the last quarter. Mutual Advisors LLC raised its holdings in TCW Artificial Intelligence ETF by 22.7% in the 3rd quarter. Mutual Advisors LLC now owns 10,170 shares of the company’s stock valued at $371,000 after acquiring an additional 1,880 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in TCW Artificial Intelligence ETF by 24.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,782 shares of the company’s stock valued at $608,000 after acquiring an additional 3,937 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of TCW Artificial Intelligence ETF during the 3rd quarter worth $209,000. Finally, Parallel Advisors LLC acquired a new stake in shares of TCW Artificial Intelligence ETF during the second quarter worth $206,000.

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.