Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Sees Unusually-High Trading Volume – Time to Buy?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) shares saw an uptick in trading volume on Tuesday . 4,559,412 shares were traded during trading, an increase of 111% from the previous session’s volume of 2,162,743 shares.The stock last traded at $63.87 and had previously closed at $67.09.

Global X Artificial Intelligence & Technology ETF Stock Down 5.1%

The stock’s 50 day moving average price is $60.83 and its two-hundred day moving average price is $53.96. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of -374.65 and a beta of 1.33.

Institutional Investors Weigh In On Global X Artificial Intelligence & Technology ETF

Several institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC bought a new position in Global X Artificial Intelligence & Technology ETF during the third quarter valued at about $14,271,000. Concentrum Wealth Management boosted its stake in shares of Global X Artificial Intelligence & Technology ETF by 985.1% during the 4th quarter. Concentrum Wealth Management now owns 44,914 shares of the technology ETF’s stock worth $2,284,000 after acquiring an additional 40,775 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in shares of Global X Artificial Intelligence & Technology ETF by 36.8% during the 4th quarter. Belpointe Asset Management LLC now owns 64,275 shares of the technology ETF’s stock worth $3,269,000 after acquiring an additional 17,291 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Global X Artificial Intelligence & Technology ETF by 19.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,492,275 shares of the technology ETF’s stock worth $73,703,000 after acquiring an additional 245,198 shares in the last quarter. Finally, Rollins Financial Advisors LLC acquired a new position in shares of Global X Artificial Intelligence & Technology ETF during the 3rd quarter valued at about $597,000. 27.02% of the stock is currently owned by institutional investors and hedge funds.

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