Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT – Get Free Report) saw strong trading volume on Friday . 1,367,401 shares were traded during trading, an increase of 184% from the previous session’s volume of 482,306 shares.The stock last traded at $90.69 and had previously closed at $100.23.
Roundhill Generative AI & Technology ETF Stock Down 9.6%
The stock’s 50-day moving average price is $79.62 and its 200 day moving average price is $68.01. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 21.50 and a beta of 1.85.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in shares of Roundhill Generative AI & Technology ETF by 2,875.6% in the first quarter. NewEdge Advisors LLC now owns 6,338 shares of the company’s stock valued at $221,000 after purchasing an additional 6,125 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Roundhill Generative AI & Technology ETF in the 2nd quarter valued at $63,000. Marshall Wace LLP purchased a new stake in Roundhill Generative AI & Technology ETF in the 2nd quarter valued at $312,000. Price Capital Management Inc. acquired a new stake in shares of Roundhill Generative AI & Technology ETF in the 3rd quarter worth $7,894,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Roundhill Generative AI & Technology ETF in the 3rd quarter worth $558,000.
Roundhill Generative AI & Technology ETF Company Profile
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.
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