TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Shares Down 0.1% – Here’s What Happened

TCW Artificial Intelligence ETF (NYSEARCA:AIFD) shares were down 0.1% during mid-day trading on Wednesday . The company traded as low as $40.10 and last traded at $40.10. Approximately 12,581 shares changed hands during trading, a decline of 12% from the average daily volume of 14,330 shares. The stock had previously closed at $40.13.

TCW Artificial Intelligence ETF Stock Down 0.1%

The firm’s fifty day moving average price is $38.92 and its 200 day moving average price is $37.30. The stock has a market cap of $89.82 million, a PE ratio of 42.59 and a beta of 1.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its position in shares of TCW Artificial Intelligence ETF by 2.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 69,026 shares of the company’s stock valued at $2,594,000 after purchasing an additional 1,385 shares in the last quarter. LPL Financial LLC boosted its stake in 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 buying an additional 5,006 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in TCW Artificial Intelligence ETF by 24.8% during the second quarter. Envestnet Asset Management Inc. now owns 19,782 shares of the company’s stock valued at $608,000 after buying an additional 3,937 shares during the last quarter. Global Retirement Partners LLC grew its holdings in TCW Artificial Intelligence ETF by 55.8% during the 4th quarter. Global Retirement Partners LLC now owns 19,285 shares of the company’s stock valued at $725,000 after buying an additional 6,908 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in TCW Artificial Intelligence ETF by 117.1% during the 3rd quarter. Raymond James Financial Inc. now owns 15,357 shares of the company’s stock valued at $542,000 after buying an additional 8,283 shares in the last quarter.

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.