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 stock price reached a new 52-week high on Wednesday . The stock 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 company has a market cap of $9.06 billion, a PE ratio of -343.71 and a beta of 1.29. The firm’s 50-day simple moving average is $50.27 and its two-hundred day simple moving average is $50.79.

Hedge Funds Weigh In On Global X Artificial Intelligence & Technology ETF

Large investors have recently made changes to their positions in the company. Gen Wealth Partners Inc lifted its stake in shares of Global X Artificial Intelligence & Technology ETF by 86.1% in the 4th quarter. Gen Wealth Partners Inc now owns 521 shares of the technology ETF’s stock valued at $26,000 after purchasing an additional 241 shares during the period. Eukles Asset Management acquired a new position in shares of Global X Artificial Intelligence & Technology ETF in the 3rd quarter valued at $27,000. WFA of San Diego LLC acquired a new position in shares of Global X Artificial Intelligence & Technology ETF in the 2nd quarter valued at $26,000. Nemes Rush Group LLC lifted its stake in shares of Global X Artificial Intelligence & Technology ETF by 503.0% in the 3rd quarter. Nemes Rush Group LLC now owns 603 shares of the technology ETF’s stock valued at $30,000 after purchasing an additional 503 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Global X Artificial Intelligence & Technology ETF in the 4th quarter valued at $31,000. 27.02% of the stock is currently owned by institutional investors and hedge funds.

About Global X Artificial Intelligence & Technology ETF

Global X Artificial Intelligence & Technology ETF