Sanctuary Advisors LLC purchased a new position in shares of TCW Artificial Intelligence ETF (NYSEARCA:AIFD – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 11,450 shares of the company’s stock, valued at approximately $321,000.
Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in TCW Artificial Intelligence ETF in the 4th quarter valued at about $30,000. Sunbelt Securities Inc. boosted its position in TCW Artificial Intelligence ETF by 103.7% during the third quarter. Sunbelt Securities Inc. now owns 2,239 shares of the company’s stock worth $79,000 after purchasing an additional 1,140 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of TCW Artificial Intelligence ETF in the second quarter worth about $110,000. Clay Northam Wealth Management LLC purchased a new position in shares of TCW Artificial Intelligence ETF in the second quarter worth about $215,000. Finally, Raymond James Financial Inc. purchased a new position in shares of TCW Artificial Intelligence ETF in the second quarter worth about $218,000.
TCW Artificial Intelligence ETF Price Performance
NYSEARCA AIFD opened at $51.52 on Monday. The firm has a market cap of $133.95 million, a P/E ratio of 42.59 and a beta of 1.78. The company’s 50 day moving average is $51.64 and its 200-day moving average is $47.45. TCW Artificial Intelligence ETF has a 12-month low of $31.32 and a 12-month high of $57.80.
TCW Artificial Intelligence ETF Company Profile
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.
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