TCW Artificial Intelligence ETF (NASDAQ:AIFD) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

TCW Artificial Intelligence ETF (NASDAQ:AIFD)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $47.63 and traded as low as $46.50. TCW Artificial Intelligence ETF shares last traded at $47.25, with a volume of 13,688 shares.

TCW Artificial Intelligence ETF Stock Performance

The firm has a market capitalization of $124.74 million, a price-to-earnings ratio of 42.59 and a beta of 1.75. The company has a 50-day moving average price of $52.13 and a 200-day moving average price of $47.63.

Institutional Trading of TCW Artificial Intelligence ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in TCW Artificial Intelligence ETF by 15.6% in the second quarter. Envestnet Asset Management Inc. now owns 19,300 shares of the company’s stock valued at $1,070,000 after buying an additional 2,607 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of TCW Artificial Intelligence ETF by 42.2% during the second quarter. Citadel Advisors LLC now owns 9,805 shares of the company’s stock worth $544,000 after acquiring an additional 2,909 shares during the period. GK Wealth Management LLC acquired a new stake in shares of TCW Artificial Intelligence ETF in the 2nd quarter valued at approximately $437,000. Revisor Wealth Management LLC boosted its position in shares of TCW Artificial Intelligence ETF by 7.2% during the 3rd quarter. Revisor Wealth Management LLC now owns 5,956 shares of the company’s stock worth $307,000 after purchasing an additional 398 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC grew its position in TCW Artificial Intelligence ETF by 16.2% during the third quarter. Cyndeo Wealth Partners LLC now owns 5,046 shares of the company’s stock worth $273,000 after buying an additional 705 shares during the period.

TCW Artificial Intelligence ETF Company Profile

The TCW Artificial Intelligence ETF (AIFD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global equity securities of companies focusing on and benefiting from artificial intelligence. It primarily selects growth companies and seeks long-term growth of capital. AIFD was launched on May 6, 2024 and is issued by TCW.