TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Stock Price Up 1.4% – Should You Buy?

TCW Artificial Intelligence ETF (NYSEARCA:AIFD) shot up 1.4% during mid-day trading on Tuesday . The stock traded as high as $39.81 and last traded at $39.72. 10,349 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 12,818 shares. The stock had previously closed at $39.17.

TCW Artificial Intelligence ETF Stock Performance

The business has a 50-day simple moving average of $38.36 and a 200 day simple moving average of $36.52. The firm has a market cap of $88.97 million, a P/E ratio of 42.59 and a beta of 1.82.

Institutional Trading of TCW Artificial Intelligence ETF

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. purchased a new position in TCW Artificial Intelligence ETF during the 4th quarter valued at $30,000. Sunbelt Securities Inc. increased its position in shares of TCW Artificial Intelligence ETF by 103.7% during the third quarter. Sunbelt Securities Inc. now owns 2,239 shares of the company’s stock valued at $79,000 after buying an additional 1,140 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of TCW Artificial Intelligence ETF during the third quarter valued at about $209,000. Raymond James Financial Inc. bought a new position in TCW Artificial Intelligence ETF in the second quarter worth about $218,000. Finally, Susquehanna International Group LLP purchased a new stake in TCW Artificial Intelligence ETF in the third quarter worth about $281,000.

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.