Envestnet Asset Management Inc. Has $608,000 Holdings in TCW Artificial Intelligence ETF $AIFD

Envestnet Asset Management Inc. raised its position in shares of TCW Artificial Intelligence ETF (NYSEARCA:AIFD) by 24.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,782 shares of the company’s stock after buying an additional 3,937 shares during the quarter. Envestnet Asset Management Inc. owned 0.95% of TCW Artificial Intelligence ETF worth $608,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in shares of TCW Artificial Intelligence ETF during the second quarter valued at approximately $206,000. Fifth Third Securities Inc. purchased a new position in TCW Artificial Intelligence ETF during the 2nd quarter worth approximately $212,000. Finally, Mutual Advisors LLC acquired a new stake in TCW Artificial Intelligence ETF during the 2nd quarter valued at $263,000.

TCW Artificial Intelligence ETF Stock Up 4.7%

AIFD opened at $36.20 on Tuesday. The firm has a market capitalization of $82.53 million, a P/E ratio of 42.59 and a beta of 1.82. The stock has a fifty day moving average of $36.27 and a 200-day moving average of $32.61. TCW Artificial Intelligence ETF has a 12-month low of $20.00 and a 12-month high of $38.98.

TCW Artificial Intelligence ETF 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.