Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Reaches New 52-Week High – Time to Buy?

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $94.95 and last traded at $93.80, with a volume of 615630 shares trading hands. The stock had previously closed at $94.18.

Roundhill Generative AI & Technology ETF Stock Up 1.4%

The business has a 50 day simple moving average of $76.56 and a 200 day simple moving average of $66.86. The company has a market capitalization of $1.81 billion, a PE ratio of 21.50 and a beta of 1.74.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc purchased a new stake in Roundhill Generative AI & Technology ETF in the third quarter valued at about $26,000. Parallel Advisors LLC purchased a new stake in Roundhill Generative AI & Technology ETF in the third quarter valued at about $38,000. IFP Advisors Inc raised its stake in 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. Vestor Capital LLC raised its stake in Roundhill Generative AI & Technology ETF by 7,712.5% in the first quarter. Vestor Capital LLC now owns 1,250 shares of the company’s stock valued at $77,000 after buying an additional 1,234 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in Roundhill Generative AI & Technology ETF in the second quarter valued at about $63,000.

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.