WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Up 33.9% – Here’s Why

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) shot up 33.9% during mid-day trading on Friday . The stock traded as high as $22.78 and last traded at $29.48. 27,464 shares traded hands during trading, a decline of 63% from the average session volume of 73,759 shares. The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Trading Up 33.9%

The business has a 50 day moving average price of $26.67 and a 200-day moving average price of $23.36. The firm has a market capitalization of $253.53 million, a PE ratio of 25.61 and a beta of 1.43.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

Several institutional investors have recently made changes to their positions in WTAI. Ameriprise Financial Inc. increased its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 383.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 62,565 shares of the company’s stock valued at $1,537,000 after purchasing an additional 49,627 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in WisdomTree Artificial Intelligence and Innovation Fund during the second quarter worth about $307,000. Western Wealth Management LLC acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 2nd quarter valued at approximately $226,000. Creative Financial Designs Inc. ADV lifted its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 79.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 23,594 shares of the company’s stock valued at $579,000 after acquiring an additional 10,452 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 0.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 71,214 shares of the company’s stock worth $1,749,000 after acquiring an additional 661 shares in the last quarter.

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.