TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Stock Price Up 2% – Should You Buy?

TCW Artificial Intelligence ETF (NYSEARCA:AIFD) shares shot up 2% during trading on Thursday . The company traded as high as $54.02 and last traded at $53.08. Approximately 20,024 shares were traded during trading, a decline of 4% from the average session volume of 20,792 shares. The stock had previously closed at $52.03.

TCW Artificial Intelligence ETF Price Performance

The company has a market cap of $138.01 million, a P/E ratio of 42.59 and a beta of 1.72. The stock has a fifty day moving average price of $52.16 and a two-hundred day moving average price of $44.16.

Institutional Trading of TCW Artificial Intelligence ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in TCW Artificial Intelligence ETF by 2.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 69,026 shares of the company’s stock worth $2,594,000 after purchasing an additional 1,385 shares during the last quarter. LPL Financial LLC lifted its position in shares of TCW Artificial Intelligence ETF by 18.8% during the 4th quarter. LPL Financial LLC now owns 31,640 shares of the company’s stock worth $1,189,000 after buying an additional 5,006 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of TCW Artificial Intelligence ETF by 55.8% in the 4th quarter. Global Retirement Partners LLC now owns 19,285 shares of the company’s stock worth $725,000 after buying an additional 6,908 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of TCW Artificial Intelligence ETF by 117.1% in the 3rd quarter. Raymond James Financial Inc. now owns 15,357 shares of the company’s stock worth $542,000 after buying an additional 8,283 shares during the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of TCW Artificial Intelligence ETF by 7.1% in the fourth quarter. Sigma Planning Corp now owns 14,568 shares of the company’s stock valued at $547,000 after acquiring an additional 971 shares in the last quarter.

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.