WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 2% – Time to Sell?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) fell 2% during mid-day trading on Thursday . The company traded as low as $29.67 and last traded at $29.78. 126,178 shares were traded during trading, a decline of 32% from the average session volume of 185,472 shares. The stock had previously closed at $30.39.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The company’s 50 day moving average price is $29.90 and its 200 day moving average price is $28.81. The company has a market cap of $256.11 million, a price-to-earnings ratio of 25.61 and a beta of 1.43.

Institutional Trading of WisdomTree Artificial Intelligence and Innovation Fund

Several large investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 6.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 44,571 shares of the company’s stock valued at $1,299,000 after acquiring an additional 2,754 shares during the last quarter. Berbice Capital Management LLC bought a new position in WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at $51,000. Western Wealth Management LLC boosted its stake in WisdomTree Artificial Intelligence and Innovation Fund by 23.1% in the fourth quarter. Western Wealth Management LLC now owns 10,980 shares of the company’s stock worth $320,000 after purchasing an additional 2,063 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 1,017.9% during the fourth quarter. Private Trust Co. NA now owns 1,621 shares of the company’s stock worth $47,000 after purchasing an additional 1,476 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 62.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock worth $86,000 after purchasing an additional 1,133 shares during the last quarter.

WisdomTree Artificial Intelligence and Innovation Fund Company Profile

The WisdomTree Artificial Intelligence and Innovation Fund (WTAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equally-weighted index of globally-listed stocks whose businesses are derived from artificial intelligence and innovation. Selection and weighting are overseen by a committee. WTAI was launched on Dec 9, 2021 and is managed by WisdomTree.