TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Shares Down 0.1% – Should You Sell?

TCW Artificial Intelligence ETF (NYSEARCA:AIFD) shares were down 0.1% on Wednesday . The stock traded as low as $40.10 and last traded at $40.10. Approximately 12,581 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 14,330 shares. The stock had previously closed at $40.13.

TCW Artificial Intelligence ETF Trading Down 3.2%

The business’s 50 day moving average is $38.99 and its 200 day moving average is $37.37. The stock has a market capitalization of $87.54 million, a PE ratio of 42.59 and a beta of 1.82.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of TCW Artificial Intelligence ETF by 24.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,782 shares of the company’s stock worth $608,000 after acquiring an additional 3,937 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in TCW Artificial Intelligence ETF by 2.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 69,026 shares of the company’s stock valued at $2,594,000 after acquiring an additional 1,385 shares during the period. LPL Financial LLC grew its position in TCW Artificial Intelligence ETF by 18.8% in the 4th quarter. LPL Financial LLC now owns 31,640 shares of the company’s stock valued at $1,189,000 after acquiring an additional 5,006 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in TCW Artificial Intelligence ETF in the 4th quarter valued at $30,000. Finally, Sunbelt Securities Inc. increased its stake in TCW Artificial Intelligence ETF by 103.7% in the third quarter. Sunbelt Securities Inc. now owns 2,239 shares of the company’s stock worth $79,000 after purchasing an additional 1,140 shares during the period.

TCW Artificial Intelligence ETF Company Profile

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.