WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Up 5.6% – Time to Buy?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s stock price shot up 5.6% during mid-day trading on Tuesday . The company traded as high as $28.27 and last traded at $28.23. 196,903 shares were traded during mid-day trading, an increase of 30% from the average session volume of 151,392 shares. The stock had previously closed at $26.73.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The company has a 50 day moving average of $29.65 and a 200 day moving average of $29.69. The stock has a market capitalization of $242.78 million, a price-to-earnings ratio of 25.61 and a beta of 1.43.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc lifted its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 0.6% in the third quarter. AdvisorNet Financial Inc now owns 71,609 shares of the company’s stock worth $2,045,000 after buying an additional 395 shares in the last quarter. Farther Finance Advisors LLC grew its stake in WisdomTree Artificial Intelligence and Innovation Fund by 62.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock valued at $86,000 after acquiring an additional 1,133 shares in the last quarter. Private Trust Co. NA raised its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 1,017.9% in the 4th quarter. Private Trust Co. NA now owns 1,621 shares of the company’s stock valued at $47,000 after acquiring an additional 1,476 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at about $51,000. Finally, Western Wealth Management LLC lifted its stake in WisdomTree Artificial Intelligence and Innovation Fund by 23.1% in the 4th quarter. Western Wealth Management LLC now owns 10,980 shares of the company’s stock worth $320,000 after purchasing an additional 2,063 shares in the last quarter.

About WisdomTree Artificial Intelligence and Innovation Fund

The WisdomTree Artificial Intelligence and Innovation Fund (WTAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equally-weighted index of globally-listed stocks whose businesses are derived from artificial intelligence and innovation. Selection and weighting are overseen by a committee. WTAI was launched on Dec 9, 2021 and is managed by WisdomTree.