Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Shares Pass Above 200-Day Moving Average – Here’s Why

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $54.50 and traded as high as $65.77. Global X Artificial Intelligence & Technology ETF shares last traded at $65.61, with a volume of 1,613,150 shares.

Global X Artificial Intelligence & Technology ETF Stock Up 2.2%

The business’s fifty day moving average is $62.27 and its two-hundred day moving average is $54.50. The stock has a market capitalization of $10.17 billion, a PE ratio of -385.94 and a beta of 1.33.

Global X Artificial Intelligence & Technology ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th will be given a dividend of $0.0005 per share. The ex-dividend date is Monday, June 29th. Global X Artificial Intelligence & Technology ETF’s dividend payout ratio (DPR) is -52.94%.

Hedge Funds Weigh In On Global X Artificial Intelligence & Technology ETF

A number of institutional investors and hedge funds have recently made changes to their positions in AIQ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Global X Artificial Intelligence & Technology ETF by 16.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,652 shares of the technology ETF’s stock worth $2,752,000 after buying an additional 10,407 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Global X Artificial Intelligence & Technology ETF by 34.0% in the 2nd quarter. Baird Financial Group Inc. now owns 30,520 shares of the technology ETF’s stock valued at $1,333,000 after acquiring an additional 7,738 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Global X Artificial Intelligence & Technology ETF in the 2nd quarter valued at about $932,000. BNP Paribas Financial Markets grew its position in Global X Artificial Intelligence & Technology ETF by 15,471.7% in the second quarter. BNP Paribas Financial Markets now owns 7,163 shares of the technology ETF’s stock worth $313,000 after acquiring an additional 7,117 shares in the last quarter. Finally, WFA of San Diego LLC purchased a new position in Global X Artificial Intelligence & Technology ETF in the second quarter worth about $26,000. 27.02% of the stock is owned by hedge funds and other institutional investors.

About Global X Artificial Intelligence & Technology ETF

Global X Artificial Intelligence & Technology ETF