TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Stock Price Up 1.8% – Still a Buy?

TCW Artificial Intelligence ETF (NYSEARCA:AIFD)’s stock price shot up 1.8% on Tuesday . The stock traded as high as $52.54 and last traded at $52.19. 26,491 shares were traded during trading, an increase of 40% from the average session volume of 18,958 shares. The stock had previously closed at $51.26.

TCW Artificial Intelligence ETF Stock Performance

The firm has a market cap of $120.04 million, a P/E ratio of 42.59 and a beta of 1.71. The company has a 50 day moving average of $44.78 and a 200 day moving average of $40.45.

Institutional Investors Weigh In On TCW Artificial Intelligence ETF

Several large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in shares of TCW Artificial Intelligence ETF by 2.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 69,026 shares of the company’s stock valued at $2,594,000 after buying an additional 1,385 shares in the last quarter. LPL Financial LLC boosted its position 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 worth $1,189,000 after purchasing an additional 5,006 shares during the period. Global Retirement Partners LLC boosted its position in TCW Artificial Intelligence ETF by 55.8% during the fourth quarter. Global Retirement Partners LLC now owns 19,285 shares of the company’s stock worth $725,000 after purchasing an additional 6,908 shares during the period. Raymond James Financial Inc. boosted its position in TCW Artificial Intelligence ETF by 117.1% during the third quarter. Raymond James Financial Inc. now owns 15,357 shares of the company’s stock worth $542,000 after purchasing an additional 8,283 shares during the period. Finally, Sigma Planning Corp boosted its position in TCW Artificial Intelligence ETF by 7.1% during the fourth quarter. Sigma Planning Corp now owns 14,568 shares of the company’s stock worth $547,000 after purchasing an additional 971 shares during the period.

About TCW Artificial Intelligence ETF

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.