Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $49.29 and traded as high as $50.18. Global X Artificial Intelligence & Technology ETF shares last traded at $50.08, with a volume of 1,345,229 shares trading hands.

Global X Artificial Intelligence & Technology ETF Stock Up 3.3%

The business’s 50-day simple moving average is $51.45 and its two-hundred day simple moving average is $49.33. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of -294.59 and a beta of 1.18.

Global X Artificial Intelligence & Technology ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 30th were paid a $0.0451 dividend. 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 presently -52.94%.

Institutional Trading of Global X Artificial Intelligence & Technology ETF

Several hedge funds and other institutional investors have recently modified their holdings of AIQ. EverSource Wealth Advisors LLC grew its stake in shares of Global X Artificial Intelligence & Technology ETF by 9,140.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,419 shares of the technology ETF’s stock valued at $174,000 after buying an additional 3,382 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in Global X Artificial Intelligence & Technology ETF by 9.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 8,752 shares of the technology ETF’s stock worth $445,000 after purchasing an additional 772 shares during the last quarter. L & S Advisors Inc grew its position in shares of Global X Artificial Intelligence & Technology ETF by 3.9% during the 4th quarter. L & S Advisors Inc now owns 36,503 shares of the technology ETF’s stock worth $1,857,000 after buying an additional 1,361 shares during the period. Rollins Financial Advisors LLC lifted its stake in Global X Artificial Intelligence & Technology ETF by 65.4% in the fourth quarter. Rollins Financial Advisors LLC now owns 20,011 shares of the technology ETF’s stock valued at $1,018,000 after buying an additional 7,915 shares during the period. Finally, Valley Wealth Managers Inc. boosted its position in Global X Artificial Intelligence & Technology ETF by 1.2% during the fourth quarter. Valley Wealth Managers Inc. now owns 651,042 shares of the technology ETF’s stock valued at $33,112,000 after purchasing an additional 7,486 shares during the last quarter. 27.02% of the stock is currently owned by hedge funds and other institutional investors.

Global X Artificial Intelligence & Technology ETF Company Profile

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Global X Artificial Intelligence & Technology ETF

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