Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Reaches New 1-Year High – Should You Buy?

by · The Markets Daily

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $53.80 and last traded at $53.8950, with a volume of 10745 shares traded. The stock had previously closed at $53.11.

Global X Artificial Intelligence & Technology ETF Trading Down 2.0%

The stock has a market cap of $7.88 billion, a P/E ratio of -305.69 and a beta of 1.18. The firm’s 50-day simple moving average is $51.30 and its 200 day simple moving average is $49.03.

Global X Artificial Intelligence & Technology ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.0451 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 18.0%. Global X Artificial Intelligence & Technology ETF’s dividend payout ratio is currently -52.94%.

Institutional Trading of Global X Artificial Intelligence & Technology ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC raised its holdings in Global X Artificial Intelligence & Technology ETF by 66.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 9,920 shares of the technology ETF’s stock valued at $505,000 after acquiring an additional 3,961 shares in the last quarter. Belpointe Asset Management LLC boosted 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 valued at $3,269,000 after acquiring an additional 17,291 shares in the last quarter. Fortis Capital Advisors LLC acquired a new position in Global X Artificial Intelligence & Technology ETF in the fourth quarter worth about $260,000. Private Trust Co. NA lifted its stake in Global X Artificial Intelligence & Technology ETF by 91.9% during the fourth quarter. Private Trust Co. NA now owns 2,157 shares of the technology ETF’s stock worth $110,000 after purchasing an additional 1,033 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its holdings in shares of Global X Artificial Intelligence & Technology ETF by 19.2% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 18,527 shares of the technology ETF’s stock worth $942,000 after buying an additional 2,988 shares in the last quarter. Institutional investors and hedge funds own 27.02% of the company’s stock.

About Global X Artificial Intelligence & Technology ETF

(Get Free Report)

Global X Artificial Intelligence & Technology ETF

See Also