Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Reaches New 12-Month High – Should You Buy?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) shares hit a new 52-week high on Wednesday . The stock traded as high as $58.60 and last traded at $58.43, with a volume of 1746701 shares traded. The stock had previously closed at $57.11.

Global X Artificial Intelligence & Technology ETF Trading Down 0.5%

The firm’s 50-day moving average price is $50.72 and its two-hundred day moving average price is $50.92. The stock has a market cap of $9.30 billion, a PE ratio of -352.88 and a beta of 1.29.

Institutional Investors Weigh In On Global X Artificial Intelligence & Technology ETF

Hedge funds have recently modified their holdings of the business. Gen Wealth Partners Inc lifted its position in Global X Artificial Intelligence & Technology ETF by 86.1% during the fourth quarter. Gen Wealth Partners Inc now owns 521 shares of the technology ETF’s stock valued at $26,000 after acquiring an additional 241 shares during the last quarter. WFA of San Diego LLC purchased a new stake in Global X Artificial Intelligence & Technology ETF during the second quarter valued at approximately $26,000. Eukles Asset Management purchased a new stake in Global X Artificial Intelligence & Technology ETF during the third quarter valued at approximately $27,000. Nemes Rush Group LLC lifted its position in Global X Artificial Intelligence & Technology ETF by 503.0% during the third quarter. Nemes Rush Group LLC now owns 603 shares of the technology ETF’s stock valued at $30,000 after acquiring an additional 503 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in Global X Artificial Intelligence & Technology ETF during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 27.02% of the company’s stock.

Global X Artificial Intelligence & Technology ETF Company Profile

Global X Artificial Intelligence & Technology ETF