TCW Artificial Intelligence ETF (NYSEARCA:AIFD – Get Free Report) rose 0.2% during mid-day trading on Wednesday . The company traded as high as $55.12 and last traded at $53.79. Approximately 41,876 shares changed hands during trading, an increase of 107% from the average daily volume of 20,264 shares. The stock had previously closed at $53.66.
TCW Artificial Intelligence ETF Trading Up 0.2%
The company has a market capitalization of $123.72 million, a P/E ratio of 42.59 and a beta of 1.77. The business’s fifty day moving average price is $49.39 and its 200-day moving average price is $42.40.
Institutional Trading of TCW Artificial Intelligence ETF
Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in shares of TCW Artificial Intelligence ETF during the 4th quarter worth $30,000. Sunbelt Securities Inc. lifted its holdings in shares of TCW Artificial Intelligence ETF by 103.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,239 shares of the company’s stock worth $79,000 after acquiring an additional 1,140 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of TCW Artificial Intelligence ETF during the 2nd quarter worth $218,000. Osaic Holdings Inc. lifted its holdings in shares of TCW Artificial Intelligence ETF by 15.3% during the 4th quarter. Osaic Holdings Inc. now owns 7,547 shares of the company’s stock worth $284,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of TCW Artificial Intelligence ETF during the 3rd quarter worth $281,000.
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.
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