WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading Up 3.2% – Here’s What Happened

Shares of WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) were up 3.2% during mid-day trading on Wednesday . The company traded as high as $35.18 and last traded at $35.17. Approximately 108,241 shares changed hands during trading, a decline of 23% from the average daily volume of 140,345 shares. The stock had previously closed at $34.08.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The business’s 50-day moving average price is $30.14 and its 200-day moving average price is $30.02. The stock has a market cap of $302.46 million, a P/E ratio of 25.61 and a beta of 1.43.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

A number of hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. boosted 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 worth $7,184,000 after buying an additional 189,166 shares during the period. First Command Advisory Services Inc. boosted its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 196.1% in the 3rd quarter. First Command Advisory Services Inc. now owns 5,921 shares of the company’s stock worth $169,000 after buying an additional 3,921 shares during the period. Flow Traders U.S. LLC bought a new position in WisdomTree Artificial Intelligence and Innovation Fund in the 3rd quarter worth $647,000. Janney Montgomery Scott LLC boosted its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 228.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 65,556 shares of the company’s stock worth $1,851,000 after buying an additional 45,611 shares during the period. Finally, AdvisorNet Financial Inc boosted its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 4.1% in the 1st quarter. AdvisorNet Financial Inc now owns 70,841 shares of the company’s stock worth $2,000,000 after buying an additional 2,776 shares during the period.

WisdomTree Artificial Intelligence and Innovation Fund Company Profile

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.