WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 2% – Here’s Why

Shares of 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 changed hands 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 Trading Down 2.0%

The stock has a market cap of $256.11 million, a P/E ratio of 25.61 and a beta of 1.43. The company has a 50 day simple moving average of $29.90 and a 200 day simple moving average of $28.81.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its stake in WisdomTree Artificial Intelligence and Innovation Fund by 6.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 44,571 shares of the company’s stock valued at $1,299,000 after purchasing an additional 2,754 shares during the last quarter. Berbice Capital Management LLC bought a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at $51,000. Western Wealth Management LLC lifted its holdings in WisdomTree Artificial Intelligence and Innovation Fund by 23.1% during the 4th quarter. Western Wealth Management LLC now owns 10,980 shares of the company’s stock valued at $320,000 after purchasing an additional 2,063 shares during the last quarter. Private Trust Co. NA boosted its position in 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 period. Finally, Farther Finance Advisors LLC increased its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 62.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock valued at $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.