Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Hits New 52-Week High – Still a Buy?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) reached a new 52-week high on Friday . The stock traded as high as $54.26 and last traded at $54.17, with a volume of 180330 shares trading hands. The stock had previously closed at $53.49.

Global X Artificial Intelligence & Technology ETF Price Performance

The company’s 50 day moving average is $49.14 and its two-hundred day moving average is $50.42. The firm has a market cap of $8.37 billion, a P/E ratio of -318.88 and a beta of 1.22.

Institutional Investors Weigh In On Global X Artificial Intelligence & Technology ETF

Several hedge funds have recently made changes to their positions in AIQ. Gen Wealth Partners Inc lifted its stake in shares of Global X Artificial Intelligence & Technology ETF by 86.1% in the fourth quarter. Gen Wealth Partners Inc now owns 521 shares of the technology ETF’s stock valued at $26,000 after buying an additional 241 shares during the period. WFA of San Diego LLC acquired a new position in Global X Artificial Intelligence & Technology ETF in the second quarter worth about $26,000. Eukles Asset Management acquired a new position in Global X Artificial Intelligence & Technology ETF in the third quarter worth about $27,000. Nemes Rush Group LLC grew its stake in shares of Global X Artificial Intelligence & Technology ETF by 503.0% in the 3rd quarter. Nemes Rush Group LLC now owns 603 shares of the technology ETF’s stock valued at $30,000 after purchasing an additional 503 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Global X Artificial Intelligence & Technology ETF in the 4th quarter valued at approximately $31,000. Institutional investors own 27.02% of the company’s stock.

Global X Artificial Intelligence & Technology ETF Company Profile

Global X Artificial Intelligence & Technology ETF