Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Hits New 1-Year High – Here’s Why

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $65.65 and last traded at $65.10, with a volume of 2332948 shares traded. The stock had previously closed at $65.20.

Global X Artificial Intelligence & Technology ETF Price Performance

The stock’s fifty day moving average price is $54.99 and its 200-day moving average price is $52.15. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of -396.00 and a beta of 1.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gen Wealth Partners Inc boosted its holdings in shares of Global X Artificial Intelligence & Technology ETF by 86.1% during the 4th quarter. Gen Wealth Partners Inc now owns 521 shares of the technology ETF’s stock worth $26,000 after buying an additional 241 shares during the period. WFA of San Diego LLC acquired a new position in Global X Artificial Intelligence & Technology ETF during the 2nd quarter valued at $26,000. Eukles Asset Management acquired a new position in shares of Global X Artificial Intelligence & Technology ETF in the 3rd quarter valued at $27,000. Nemes Rush Group LLC raised its stake in shares of Global X Artificial Intelligence & Technology ETF by 503.0% in the 3rd quarter. Nemes Rush Group LLC now owns 603 shares of the technology ETF’s stock valued at $30,000 after buying an additional 503 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Global X Artificial Intelligence & Technology ETF in the 4th quarter valued at $31,000. 27.02% of the stock is owned by hedge funds and other institutional investors.

Global X Artificial Intelligence & Technology ETF Company Profile

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Global X Artificial Intelligence & Technology ETF

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