WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 2% – Should You Sell?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI)’s stock price dropped 2% during trading on Thursday . The stock traded as low as $29.67 and last traded at $29.78. Approximately 126,178 shares were traded during trading, a decline of 32% from the average daily volume of 185,472 shares. The stock had previously closed at $30.39.

WisdomTree Artificial Intelligence and Innovation Fund Trading Up 1.0%

The business has a fifty day simple moving average of $29.90 and a 200 day simple moving average of $28.85. The stock has a market capitalization of $258.60 million, a P/E ratio of 25.61 and a beta of 1.43.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Private Trust Co. NA grew its position in WisdomTree Artificial Intelligence and Innovation Fund by 1,017.9% in the 4th quarter. Private Trust Co. NA now owns 1,621 shares of the company’s stock worth $47,000 after purchasing an additional 1,476 shares in the last quarter. Berbice Capital Management LLC purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter worth about $51,000. Farther Finance Advisors LLC grew its position in WisdomTree Artificial Intelligence and Innovation Fund by 62.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock valued at $86,000 after buying an additional 1,133 shares during the period. Harbor Investment Advisory LLC bought a new position in WisdomTree Artificial Intelligence and Innovation Fund during the fourth quarter valued at about $90,000. Finally, First Command Advisory Services Inc. raised its position in WisdomTree Artificial Intelligence and Innovation Fund by 196.1% in the third quarter. First Command Advisory Services Inc. now owns 5,921 shares of the company’s stock worth $169,000 after acquiring an additional 3,921 shares during the period.

WisdomTree Artificial Intelligence and Innovation Fund Company Profile

The WisdomTree Artificial Intelligence and Innovation Fund (WTAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equally-weighted index of globally-listed stocks whose businesses are derived from artificial intelligence and innovation. Selection and weighting are overseen by a committee. WTAI was launched on Dec 9, 2021 and is managed by WisdomTree.