Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Sets New 12-Month High – Should You Buy?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $58.60 and last traded at $58.43, with a volume of 1746701 shares traded. The stock had previously closed at $57.11.

Global X Artificial Intelligence & Technology ETF Trading Up 2.3%

The business’s 50-day moving average price is $50.27 and its 200-day moving average price is $50.79. The stock has a market cap of $9.06 billion, a PE ratio of -343.71 and a beta of 1.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Corp purchased a new stake in Global X Artificial Intelligence & Technology ETF during the 3rd quarter worth approximately $492,000. CoreCap Advisors LLC grew its position in Global X Artificial Intelligence & Technology ETF by 2,978.4% during the 3rd quarter. CoreCap Advisors LLC now owns 60,399 shares of the technology ETF’s stock worth $2,983,000 after purchasing an additional 58,437 shares during the last quarter. Sage Private Wealth Group LLC purchased a new stake in Global X Artificial Intelligence & Technology ETF during the 3rd quarter worth approximately $544,000. Flow Traders U.S. LLC purchased a new stake in Global X Artificial Intelligence & Technology ETF during the 3rd quarter worth approximately $14,271,000. Finally, SOL Capital Management CO purchased a new stake in Global X Artificial Intelligence & Technology ETF during the 3rd quarter worth approximately $1,597,000. Hedge funds and other institutional investors own 27.02% of the company’s stock.

Global X Artificial Intelligence & Technology ETF Company Profile

Global X Artificial Intelligence & Technology ETF