Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Hits New 52-Week High – Still a Buy?

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $104.97 and last traded at $104.44, with a volume of 94497 shares changing hands. The stock had previously closed at $102.34.

Roundhill Generative AI & Technology ETF Stock Performance

The stock’s 50 day simple moving average is $86.61 and its 200 day simple moving average is $70.79. The firm has a market capitalization of $1.91 billion, a P/E ratio of 21.50 and a beta of 1.85.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

A number of large investors have recently made changes to their positions in the stock. Morse Asset Management Inc purchased a new stake in shares of Roundhill Generative AI & Technology ETF in the third quarter worth about $26,000. Parallel Advisors LLC purchased a new stake in shares of Roundhill Generative AI & Technology ETF during the third quarter worth approximately $38,000. IFP Advisors Inc raised its position in shares of Roundhill Generative AI & Technology ETF by 29.4% in the third quarter. IFP Advisors Inc now owns 828 shares of the company’s stock valued at $51,000 after buying an additional 188 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Roundhill Generative AI & Technology ETF during the 2nd quarter worth approximately $63,000. Finally, Vestor Capital LLC boosted its stake in Roundhill Generative AI & Technology ETF by 7,712.5% during the first quarter. Vestor Capital LLC now owns 1,250 shares of the company’s stock worth $77,000 after buying an additional 1,234 shares during the last quarter.

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.