Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Shares Up 0.9% – Here’s What Happened

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) shot up 0.9% on Tuesday . The company traded as high as $64.60 and last traded at $64.60. 434,569 shares were traded during mid-day trading, an increase of 29% from the average session volume of 337,226 shares. The stock had previously closed at $64.03.

Roundhill Generative AI & Technology ETF Stock Performance

The business has a 50 day moving average price of $63.22 and a two-hundred day moving average price of $62.28. The company has a market cap of $1.08 billion, a P/E ratio of 21.50 and a beta of 1.58.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CHAT. Price Capital Management Inc. bought a new stake in shares of Roundhill Generative AI & Technology ETF in the 3rd quarter valued at about $7,894,000. Providence First Trust Co bought a new stake in shares of Roundhill Generative AI & Technology ETF in the 4th quarter valued at about $1,202,000. Janney Montgomery Scott LLC raised its position in Roundhill Generative AI & Technology ETF by 41.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 63,098 shares of the company’s stock valued at $3,720,000 after purchasing an additional 18,467 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in Roundhill Generative AI & Technology ETF during the 3rd quarter valued at approximately $558,000. Finally, Valeo Financial Advisors LLC bought a new position in Roundhill Generative AI & Technology ETF during the 3rd quarter valued at approximately $537,000.

Roundhill Generative AI & Technology ETF Company Profile

The Roundhill Generative AI & Technology ETF (CHAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in 25 to 50 companies around the world that are involved in generative artificial intelligence and other related technologies. CHAT was launched on May 18, 2023 and is managed by Roundhill.