Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Sees Strong Trading Volume – Still a Buy?

Shares of Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) saw an uptick in trading volume on Tuesday . 4,559,412 shares changed hands during trading, an increase of 111% from the previous session’s volume of 2,162,743 shares.The stock last traded at $63.87 and had previously closed at $67.09.

Global X Artificial Intelligence & Technology ETF Stock Performance

The stock has a fifty day simple moving average of $61.37 and a two-hundred day simple moving average of $54.14. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of -372.88 and a beta of 1.33.

Institutional Investors Weigh In On Global X Artificial Intelligence & Technology ETF

Large investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC bought a new position in shares of Global X Artificial Intelligence & Technology ETF during the 3rd quarter worth approximately $14,271,000. Concentrum Wealth Management grew its position in shares of Global X Artificial Intelligence & Technology ETF by 985.1% during the 4th quarter. Concentrum Wealth Management now owns 44,914 shares of the technology ETF’s stock worth $2,284,000 after buying an additional 40,775 shares during the period. Belpointe Asset Management LLC grew its position in shares of Global X Artificial Intelligence & Technology ETF by 36.8% during the 4th quarter. Belpointe Asset Management LLC now owns 64,275 shares of the technology ETF’s stock worth $3,269,000 after buying an additional 17,291 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Global X Artificial Intelligence & Technology ETF by 19.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,492,275 shares of the technology ETF’s stock valued at $73,703,000 after acquiring an additional 245,198 shares in the last quarter. Finally, Rollins Financial Advisors LLC acquired a new position in shares of Global X Artificial Intelligence & Technology ETF during the 3rd quarter valued at $597,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

Global X Artificial Intelligence & Technology ETF Company Profile

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Global X Artificial Intelligence & Technology ETF

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