WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading 3.2% Higher – Still a Buy?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) rose 3.2% during trading on Monday . The company traded as high as $29.33 and last traded at $29.32. Approximately 117,258 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 152,321 shares. The stock had previously closed at $28.40.

WisdomTree Artificial Intelligence and Innovation Fund Price Performance

The stock has a market cap of $252.15 million, a P/E ratio of 25.61 and a beta of 1.43. The firm’s 50-day moving average price is $29.95 and its 200-day moving average price is $29.37.

Hedge Funds Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Several institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 302.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 251,731 shares of the company’s stock valued at $7,184,000 after acquiring an additional 189,166 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 0.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 71,609 shares of the company’s stock valued at $2,045,000 after purchasing an additional 395 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 6.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 44,571 shares of the company’s stock valued at $1,299,000 after purchasing an additional 2,754 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during the third quarter valued at about $647,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the second quarter worth about $307,000.

About WisdomTree Artificial Intelligence and Innovation Fund

The WisdomTree Artificial Intelligence and Innovation Fund (WTAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equally-weighted index of globally-listed stocks whose businesses are derived from artificial intelligence and innovation. Selection and weighting are overseen by a committee. WTAI was launched on Dec 9, 2021 and is managed by WisdomTree.