Pinnacle Financial Partners Inc Takes $682,000 Position in Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ)

Pinnacle Financial Partners Inc purchased a new position in Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,759 shares of the technology ETF’s stock, valued at approximately $682,000.

Several other hedge funds have also recently made changes to their positions in the stock. Elevation Wealth Partners LLC bought a new position in Global X Artificial Intelligence & Technology ETF in the first quarter valued at about $27,000. Accredited Wealth Management LLC purchased a new stake in shares of Global X Artificial Intelligence & Technology ETF during the 4th quarter valued at about $29,000. Hurley Capital LLC bought a new position in shares of Global X Artificial Intelligence & Technology ETF in the 4th quarter worth approximately $31,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Global X Artificial Intelligence & Technology ETF in the fourth quarter worth approximately $40,000. Finally, Steph & Co. bought a new stake in Global X Artificial Intelligence & Technology ETF during the first quarter valued at approximately $43,000. 27.02% of the stock is owned by hedge funds and other institutional investors.

Global X Artificial Intelligence & Technology ETF Trading Up 1.5%

AIQ opened at $44.14 on Friday. The firm’s 50 day simple moving average is $40.70 and its two-hundred day simple moving average is $39.15. The company has a market capitalization of $3.44 billion, a PE ratio of -259.62 and a beta of 1.13. Global X Artificial Intelligence & Technology ETF has a 1-year low of $30.60 and a 1-year high of $44.50.

Global X Artificial Intelligence & Technology ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.0487 per share. This is a boost from Global X Artificial Intelligence & Technology ETF’s previous dividend of $0.01. The ex-dividend date is Friday, June 27th. Global X Artificial Intelligence & Technology ETF’s dividend payout ratio (DPR) is presently -29.41%.

Global X Artificial Intelligence & Technology ETF Company Profile

Global X Artificial Intelligence & Technology ETF