Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $52.66 and traded as high as $68.51. Global X Artificial Intelligence & Technology ETF shares last traded at $68.07, with a volume of 2,538,578 shares trading hands.

Global X Artificial Intelligence & Technology ETF Stock Down 1.6%

The firm has a fifty day moving average of $56.67 and a 200-day moving average of $52.66. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of -400.41 and a beta of 1.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AIQ. Parallel Advisors LLC boosted its position in shares of Global X Artificial Intelligence & Technology ETF by 89.6% in the 1st quarter. Parallel Advisors LLC now owns 7,876 shares of the technology ETF’s stock worth $368,000 after buying an additional 3,721 shares in the last quarter. Vestor Capital LLC increased its holdings in Global X Artificial Intelligence & Technology ETF by 26.3% during the 1st quarter. Vestor Capital LLC now owns 1,500 shares of the technology ETF’s stock valued at $70,000 after acquiring an additional 312 shares in the last quarter. McIlrath & Eck LLC purchased a new position in Global X Artificial Intelligence & Technology ETF during the 1st quarter valued at about $187,000. Arkadios Wealth Advisors raised its position in Global X Artificial Intelligence & Technology ETF by 16.0% during the first quarter. Arkadios Wealth Advisors now owns 8,101 shares of the technology ETF’s stock worth $378,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Valley Wealth Managers Inc. raised its position in Global X Artificial Intelligence & Technology ETF by 15.0% during the first quarter. Valley Wealth Managers Inc. now owns 748,911 shares of the technology ETF’s stock worth $34,952,000 after acquiring an additional 97,869 shares during the last quarter. Institutional investors and hedge funds own 27.02% of the company’s stock.

About Global X Artificial Intelligence & Technology ETF

Global X Artificial Intelligence & Technology ETF