Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Reaches New 12-Month High – Here’s What Happened

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT)’s stock price hit a new 52-week high on Monday . The company traded as high as $75.64 and last traded at $75.43, with a volume of 97934 shares traded. The stock had previously closed at $75.09.

Roundhill Generative AI & Technology ETF Stock Up 0.5%

The business’s 50-day simple moving average is $64.84 and its two-hundred day simple moving average is $62.86. The stock has a market cap of $1.30 billion, a P/E ratio of 21.50 and a beta of 1.58.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in Roundhill Generative AI & Technology ETF by 14.7% in the 4th quarter. NewEdge Advisors LLC now owns 3,897 shares of the company’s stock worth $230,000 after purchasing an additional 500 shares during the period. Janney Montgomery Scott LLC boosted its stake in Roundhill Generative AI & Technology ETF by 41.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 63,098 shares of the company’s stock worth $3,720,000 after purchasing an additional 18,467 shares during the period. Berbice Capital Management LLC boosted its stake in Roundhill Generative AI & Technology ETF by 89.1% in the 4th quarter. Berbice Capital Management LLC now owns 10,806 shares of the company’s stock worth $637,000 after purchasing an additional 5,091 shares during the period. Valeo Financial Advisors LLC boosted its stake in Roundhill Generative AI & Technology ETF by 37.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 11,973 shares of the company’s stock worth $706,000 after purchasing an additional 3,237 shares during the period. Finally, Providence First Trust Co bought a new position in Roundhill Generative AI & Technology ETF in the 4th quarter worth about $1,202,000.

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.