Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $54.50 and traded as high as $65.77. Global X Artificial Intelligence & Technology ETF shares last traded at $65.61, with a volume of 1,613,150 shares traded.

Global X Artificial Intelligence & Technology ETF Trading Down 2.8%

The firm has a market cap of $9.86 billion, a PE ratio of -363.82 and a beta of 1.33. The company’s 50-day moving average is $62.47 and its 200 day moving average is $54.58.

Global X Artificial Intelligence & Technology ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 29th will be paid a dividend of $0.0005 per share. The ex-dividend date of this dividend is Monday, June 29th. Global X Artificial Intelligence & Technology ETF’s payout ratio is -23.53%.

Institutional Trading of Global X Artificial Intelligence & Technology ETF

Several hedge funds and other institutional investors have recently modified their holdings of AIQ. Flow Traders U.S. LLC bought a new stake in Global X Artificial Intelligence & Technology ETF in the third quarter worth approximately $14,271,000. Concentrum Wealth Management lifted its holdings in shares of Global X Artificial Intelligence & Technology ETF by 985.1% during the fourth quarter. Concentrum Wealth Management now owns 44,914 shares of the technology ETF’s stock worth $2,284,000 after buying an additional 40,775 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in Global X Artificial Intelligence & Technology ETF by 36.8% in the 4th quarter. Belpointe Asset Management LLC now owns 64,275 shares of the technology ETF’s stock valued at $3,269,000 after purchasing an additional 17,291 shares during the period. JPMorgan Chase & Co. grew its position in Global X Artificial Intelligence & Technology ETF by 19.7% during the third quarter. JPMorgan Chase & Co. now owns 1,492,275 shares of the technology ETF’s stock worth $73,703,000 after buying an additional 245,198 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Global X Artificial Intelligence & Technology ETF during the third quarter worth about $201,000. 27.02% of the stock is currently owned by hedge funds and other institutional investors.

About Global X Artificial Intelligence & Technology ETF

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Global X Artificial Intelligence & Technology ETF

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