Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Sets New 52-Week High – Time to Buy?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $51.39 and last traded at $51.06, with a volume of 2103344 shares traded. The stock had previously closed at $50.21.

Global X Artificial Intelligence & Technology ETF Trading Up 1.7%

The company has a market cap of $6.29 billion, a price-to-earnings ratio of -300.35 and a beta of 1.13. The stock has a 50 day moving average price of $46.44 and a two-hundred day moving average price of $42.08.

Hedge Funds Weigh In On Global X Artificial Intelligence & Technology ETF

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Global X Artificial Intelligence & Technology ETF by 301.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 782,774 shares of the technology ETF’s stock valued at $28,477,000 after purchasing an additional 587,822 shares during the period. Commonwealth Equity Services LLC raised its holdings in Global X Artificial Intelligence & Technology ETF by 95.9% in the first quarter. Commonwealth Equity Services LLC now owns 637,235 shares of the technology ETF’s stock worth $23,183,000 after purchasing an additional 311,966 shares during the period. Cetera Investment Advisers boosted its position in shares of Global X Artificial Intelligence & Technology ETF by 96.3% during the first quarter. Cetera Investment Advisers now owns 592,040 shares of the technology ETF’s stock worth $21,538,000 after purchasing an additional 290,367 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Global X Artificial Intelligence & Technology ETF by 11.9% in the 1st quarter. LPL Financial LLC now owns 2,417,798 shares of the technology ETF’s stock valued at $87,959,000 after buying an additional 256,483 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Global X Artificial Intelligence & Technology ETF by 43.3% in the 1st quarter. Royal Bank of Canada now owns 750,485 shares of the technology ETF’s stock valued at $27,303,000 after buying an additional 226,696 shares in the last quarter. Institutional investors and hedge funds own 27.02% of the company’s stock.

Global X Artificial Intelligence & Technology ETF Company Profile

Global X Artificial Intelligence & Technology ETF