Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $53.96 and traded as high as $67.77. Global X Artificial Intelligence & Technology ETF shares last traded at $67.09, with a volume of 1,843,866 shares trading hands.

Global X Artificial Intelligence & Technology ETF Price Performance

The stock has a 50-day moving average price of $60.83 and a 200-day moving average price of $53.96. The company has a market capitalization of $10.40 billion, a P/E ratio of -394.65 and a beta of 1.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in shares of Global X Artificial Intelligence & Technology ETF during the third quarter worth $14,271,000. Concentrum Wealth Management lifted its holdings in Global X Artificial Intelligence & Technology ETF by 985.1% in the fourth quarter. Concentrum Wealth Management now owns 44,914 shares of the technology ETF’s stock valued at $2,284,000 after buying an additional 40,775 shares during the period. Belpointe Asset Management LLC lifted its holdings in Global X Artificial Intelligence & Technology ETF by 36.8% in the fourth quarter. Belpointe Asset Management LLC now owns 64,275 shares of the technology ETF’s stock valued at $3,269,000 after buying an additional 17,291 shares during the period. JPMorgan Chase & Co. boosted its position in Global X Artificial Intelligence & Technology ETF by 19.7% during the third quarter. JPMorgan Chase & Co. now owns 1,492,275 shares of the technology ETF’s stock valued at $73,703,000 after acquiring an additional 245,198 shares during the last quarter. Finally, Rollins Financial Advisors LLC bought a new stake in Global X Artificial Intelligence & Technology ETF during the third quarter valued at $597,000. Institutional investors own 27.02% of the company’s stock.

Global X Artificial Intelligence & Technology ETF Company Profile

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Global X Artificial Intelligence & Technology ETF

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