TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Shares Down 0.1% – Here’s Why

TCW Artificial Intelligence ETF (NYSEARCA:AIFD) fell 0.1% during trading on Wednesday . The stock traded as low as $40.10 and last traded at $40.10. 12,581 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 14,330 shares. The stock had previously closed at $40.13.

TCW Artificial Intelligence ETF Stock Performance

The company’s 50-day moving average price is $38.92 and its 200 day moving average price is $37.30. The stock has a market capitalization of $89.82 million, a PE ratio of 42.59 and a beta of 1.82.

Institutional Trading of TCW Artificial Intelligence ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new position in shares of TCW Artificial Intelligence ETF in the 3rd quarter valued at approximately $437,000. Raymond James Financial Inc. grew its stake in TCW Artificial Intelligence ETF by 117.1% in the third quarter. Raymond James Financial Inc. now owns 15,357 shares of the company’s stock worth $542,000 after purchasing an additional 8,283 shares during the period. Susquehanna International Group LLP bought a new position in TCW Artificial Intelligence ETF in the third quarter worth $281,000. J.W. Cole Advisors Inc. bought a new position in TCW Artificial Intelligence ETF in the third quarter worth $209,000. Finally, LPL Financial LLC lifted its position in TCW Artificial Intelligence ETF by 18.8% during the fourth quarter. LPL Financial LLC now owns 31,640 shares of the company’s stock valued at $1,189,000 after buying an additional 5,006 shares during the period.

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.