TCW Artificial Intelligence ETF (NASDAQ:AIFD) Shares Climb 0.9% – Time to Buy?

TCW Artificial Intelligence ETF (NASDAQ:AIFD)’s stock price rose 0.9% during trading on Tuesday. The company traded as high as $54.69 and last traded at $54.50. 7,451 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 18,399 shares. The stock had previously closed at $54.02.

TCW Artificial Intelligence ETF Price Performance

The stock’s 50 day moving average price is $51.41 and its two-hundred day moving average price is $49.04. The firm has a market capitalization of $143.06 million, a price-to-earnings ratio of 42.59 and a beta of 1.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GK Wealth Management LLC bought a new stake in TCW Artificial Intelligence ETF during the second quarter valued at about $437,000. Citadel Advisors LLC lifted its position in shares of TCW Artificial Intelligence ETF by 42.2% during the 2nd quarter. Citadel Advisors LLC now owns 9,805 shares of the company’s stock worth $544,000 after purchasing an additional 2,909 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of TCW Artificial Intelligence ETF by 55.8% during the 4th quarter. Global Retirement Partners LLC now owns 19,285 shares of the company’s stock worth $725,000 after purchasing an additional 6,908 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in TCW Artificial Intelligence ETF by 15.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,300 shares of the company’s stock valued at $1,070,000 after purchasing an additional 2,607 shares during the period.

About TCW Artificial Intelligence ETF

The TCW Artificial Intelligence ETF (AIFD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global equity securities of companies focusing on and benefiting from artificial intelligence. It primarily selects growth companies and seeks long-term growth of capital. AIFD was launched on May 6, 2024 and is issued by TCW.