TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Trading Up 0.9% – Here’s What Happened

TCW Artificial Intelligence ETF (NYSEARCA:AIFD) shares shot up 0.9% during trading on Monday . The stock traded as high as $39.04 and last traded at $38.74. 10,996 shares were traded during mid-day trading, a decline of 16% from the average session volume of 13,052 shares. The stock had previously closed at $38.39.

TCW Artificial Intelligence ETF Trading Up 0.9%

The stock has a fifty day moving average of $37.94 and a two-hundred day moving average of $35.72. The stock has a market capitalization of $86.78 million, a price-to-earnings ratio of 42.59 and a beta of 1.82.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AIFD. Sunbelt Securities Inc. lifted its position in TCW Artificial Intelligence ETF by 103.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,239 shares of the company’s stock worth $79,000 after buying an additional 1,140 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of TCW Artificial Intelligence ETF in the third quarter worth about $209,000. Raymond James Financial Inc. acquired a new position in shares of TCW Artificial Intelligence ETF during the second quarter worth approximately $218,000. Mutual Advisors LLC acquired a new position in shares of TCW Artificial Intelligence ETF during the second quarter worth approximately $263,000. Finally, Susquehanna International Group LLP bought a new stake in shares of TCW Artificial Intelligence ETF during the third quarter valued at approximately $281,000.

About TCW Artificial Intelligence ETF

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.