TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Shares Up 0.9% – Here’s What Happened

Shares of TCW Artificial Intelligence ETF (NYSEARCA:AIFDGet Free Report) were up 0.9% on Monday . The stock traded as high as $39.04 and last traded at $38.74. Approximately 10,996 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 13,052 shares. The stock had previously closed at $38.39.

TCW Artificial Intelligence ETF Stock Performance

The stock has a market capitalization of $86.78 million, a P/E ratio of 42.59 and a beta of 1.82. The stock has a 50-day simple moving average of $37.94 and a 200 day simple moving average of $35.72.

Hedge Funds Weigh In On TCW Artificial Intelligence ETF

Hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in TCW Artificial Intelligence ETF in the third quarter worth about $437,000. Mutual Advisors LLC bought a new position in shares of TCW Artificial Intelligence ETF in the 2nd quarter valued at about $263,000. Raymond James Financial Inc. boosted its stake in shares of TCW Artificial Intelligence ETF by 117.1% in the 3rd quarter. Raymond James Financial Inc. now owns 15,357 shares of the company’s stock valued at $542,000 after purchasing an additional 8,283 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of TCW Artificial Intelligence ETF during the 3rd quarter worth approximately $281,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of TCW Artificial Intelligence ETF during the third quarter worth approximately $209,000.

About TCW Artificial Intelligence ETF

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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.

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