Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Hits New 52-Week High – Should You Buy?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $54.26 and last traded at $54.17, with a volume of 180330 shares trading hands. The stock had previously closed at $53.49.

Global X Artificial Intelligence & Technology ETF Stock Performance

The company has a 50 day moving average of $49.22 and a 200 day moving average of $50.46. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of -318.24 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AIQ. Flow Traders U.S. LLC acquired a new position in Global X Artificial Intelligence & Technology ETF in the 3rd quarter valued at $14,271,000. JPMorgan Chase & Co. raised its stake in Global X Artificial Intelligence & Technology ETF by 19.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,492,275 shares of the technology ETF’s stock valued at $73,703,000 after purchasing an additional 245,198 shares during the last quarter. CoreCap Advisors LLC raised its stake in Global X Artificial Intelligence & Technology ETF by 2,978.4% in the 3rd quarter. CoreCap Advisors LLC now owns 60,399 shares of the technology ETF’s stock valued at $2,983,000 after purchasing an additional 58,437 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Global X Artificial Intelligence & Technology ETF by 251.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 76,424 shares of the technology ETF’s stock valued at $3,775,000 after purchasing an additional 54,661 shares during the last quarter. Finally, Tradewinds LLC. acquired a new position in Global X Artificial Intelligence & Technology ETF in the 3rd quarter valued at $2,193,000. 27.02% of the stock is owned by institutional investors and hedge funds.

Global X Artificial Intelligence & Technology ETF Company Profile

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Global X Artificial Intelligence & Technology ETF

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