Comerica Bank Decreases Stake in Global X Artificial Intelligence & Technology ETF $AIQ

Comerica Bank cut its stake in shares of Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,181 shares of the technology ETF’s stock after selling 2,378 shares during the period. Comerica Bank’s holdings in Global X Artificial Intelligence & Technology ETF were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AIQ. Northern Trust Corp bought a new position in shares of Global X Artificial Intelligence & Technology ETF during the fourth quarter valued at approximately $522,000. Ameriprise Financial Inc. grew its stake in shares of Global X Artificial Intelligence & Technology ETF by 30.0% during the fourth quarter. Ameriprise Financial Inc. now owns 16,267 shares of the technology ETF’s stock valued at $629,000 after buying an additional 3,751 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Global X Artificial Intelligence & Technology ETF by 15.4% during the fourth quarter. Cetera Investment Advisers now owns 301,673 shares of the technology ETF’s stock valued at $11,657,000 after buying an additional 40,236 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Global X Artificial Intelligence & Technology ETF by 25.4% during the fourth quarter. CoreCap Advisors LLC now owns 2,110 shares of the technology ETF’s stock valued at $82,000 after buying an additional 427 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Global X Artificial Intelligence & Technology ETF by 17.1% during the fourth quarter. Royal Bank of Canada now owns 523,789 shares of the technology ETF’s stock valued at $20,240,000 after buying an additional 76,643 shares during the last quarter. 27.02% of the stock is currently owned by hedge funds and other institutional investors.

Global X Artificial Intelligence & Technology ETF Stock Performance

AIQ opened at $45.46 on Monday. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of -267.41 and a beta of 1.13. The stock’s 50 day moving average price is $44.48 and its 200-day moving average price is $40.57. Global X Artificial Intelligence & Technology ETF has a one year low of $30.60 and a one year high of $45.77.

Global X Artificial Intelligence & Technology ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 27th were paid a dividend of $0.0487 per share. This is a positive change from Global X Artificial Intelligence & Technology ETF’s previous dividend of $0.01. The ex-dividend date of this dividend was Friday, June 27th. Global X Artificial Intelligence & Technology ETF’s payout ratio is currently -35.29%.

About Global X Artificial Intelligence & Technology ETF

Global X Artificial Intelligence & Technology ETF