KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) Trading 2.3% Higher – What’s Next?

KraneShares Artificial Intelligence and Technology ETF (NASDAQ:AGIX) shot up 2.3% on Wednesday . The company traded as high as $34.72 and last traded at $34.39. 98,325 shares traded hands during trading, a decline of 8% from the average session volume of 106,860 shares. The stock had previously closed at $33.62.

KraneShares Artificial Intelligence and Technology ETF Trading Up 2.3%

The firm has a market cap of $151.32 million, a P/E ratio of 36.18 and a beta of 1.77. The business has a 50-day moving average price of $35.52 and a 200-day moving average price of $36.03.

KraneShares Artificial Intelligence and Technology ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were issued a dividend of $0.4377 per share. This represents a yield of 119.0%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On KraneShares Artificial Intelligence and Technology ETF

Several hedge funds have recently modified their holdings of AGIX. Royal Bank of Canada bought a new position in shares of KraneShares Artificial Intelligence and Technology ETF during the fourth quarter valued at approximately $354,000. Ankerstar Wealth LLC bought a new stake in KraneShares Artificial Intelligence and Technology ETF during the 4th quarter valued at $184,000. LPL Financial LLC increased its holdings in shares of KraneShares Artificial Intelligence and Technology ETF by 941.4% in the 4th quarter. LPL Financial LLC now owns 110,380 shares of the company’s stock valued at $4,007,000 after acquiring an additional 99,781 shares during the period. Resolute Wealth Strategies LLC purchased a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the 4th quarter valued at $225,000. Finally, ORG Partners LLC bought a new position in shares of KraneShares Artificial Intelligence and Technology ETF in the 4th quarter worth $36,000.

KraneShares Artificial Intelligence and Technology ETF Company Profile

The KraneShares Artificial Intelligence & Technology ETF (AGIX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund uses an index as a guide to select stocks globally that are involved in developing and applying artificial intelligence technologies. The fund has the ability to invest in both listed and private AI companies AGIX was launched on Jul 18, 2024 and is issued by KraneShares.