TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Shares Up 2% – What’s Next?

TCW Artificial Intelligence ETF (NYSEARCA:AIFDGet Free Report)’s stock price rose 2% during mid-day trading on Thursday . The stock traded as high as $36.55 and last traded at $36.39. Approximately 1,846 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 12,418 shares. The stock had previously closed at $35.68.

TCW Artificial Intelligence ETF Stock Up 2.6%

The firm has a market capitalization of $85.16 million, a P/E ratio of 42.59 and a beta of 1.82. The business’s 50 day moving average is $37.00 and its two-hundred day moving average is $33.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in TCW Artificial Intelligence ETF by 24.8% during the second quarter. Envestnet Asset Management Inc. now owns 19,782 shares of the company’s stock worth $608,000 after purchasing an additional 3,937 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of TCW Artificial Intelligence ETF by 117.1% in the third quarter. Raymond James Financial Inc. now owns 15,357 shares of the company’s stock valued at $542,000 after buying an additional 8,283 shares during the period. Global Retirement Partners LLC bought a new position in TCW Artificial Intelligence ETF during the third quarter valued at about $437,000. Mutual Advisors LLC grew its holdings in TCW Artificial Intelligence ETF by 22.7% during the third quarter. Mutual Advisors LLC now owns 10,170 shares of the company’s stock worth $371,000 after acquiring an additional 1,880 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in TCW Artificial Intelligence ETF during the third quarter worth about $281,000.

TCW Artificial Intelligence ETF Company Profile

(Get Free Report)

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.

Further Reading

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