Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Hits New 52-Week High – Here’s What Happened

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $68.90 and last traded at $67.70, with a volume of 145015 shares trading hands. The stock had previously closed at $64.60.

Roundhill Generative AI & Technology ETF Stock Performance

The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.50 and a beta of 1.58. The business’s 50-day moving average is $63.40 and its two-hundred day moving average is $62.36.

Institutional Trading of Roundhill Generative AI & Technology ETF

Hedge funds have recently modified their holdings of the company. Morse Asset Management Inc acquired a new stake in shares of Roundhill Generative AI & Technology ETF in the 3rd quarter valued at approximately $26,000. Parallel Advisors LLC acquired a new stake in shares of Roundhill Generative AI & Technology ETF in the 3rd quarter valued at approximately $38,000. IFP Advisors Inc raised its position in shares of Roundhill Generative AI & Technology ETF by 29.4% in the 3rd quarter. IFP Advisors Inc now owns 828 shares of the company’s stock valued at $51,000 after acquiring an additional 188 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Roundhill Generative AI & Technology ETF in the 2nd quarter valued at approximately $63,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Roundhill Generative AI & Technology ETF in the 4th quarter valued at approximately $77,000.

About Roundhill Generative AI & Technology ETF

The Roundhill Generative AI & Technology ETF (CHAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in 25 to 50 companies around the world that are involved in generative artificial intelligence and other related technologies. CHAT was launched on May 18, 2023 and is managed by Roundhill.