Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Trading Up 0.9% – Still a Buy?

Roundhill Generative AI & Technology ETF (NYSEARCA:CHATGet Free Report) shares were up 0.9% during trading on Tuesday . The company traded as high as $64.60 and last traded at $64.60. Approximately 434,569 shares were traded during trading, an increase of 29% from the average daily volume of 337,226 shares. The stock had previously closed at $64.03.

Roundhill Generative AI & Technology ETF Stock Up 1.0%

The stock’s 50-day moving average is $63.40 and its 200 day moving average is $62.36. The stock has a market capitalization of $1.14 billion, a PE ratio of 21.50 and a beta of 1.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHAT. Morse Asset Management Inc purchased a new position in Roundhill Generative AI & Technology ETF during the third quarter valued at approximately $26,000. Parallel Advisors LLC purchased a new position in Roundhill Generative AI & Technology ETF during the third quarter valued at approximately $38,000. IFP Advisors Inc grew its position in Roundhill Generative AI & Technology ETF by 29.4% in the third quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $51,000 after acquiring an additional 188 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Roundhill Generative AI & Technology ETF in the second quarter worth approximately $63,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Roundhill Generative AI & Technology ETF in the fourth quarter worth approximately $77,000.

About Roundhill Generative AI & Technology ETF

(Get Free Report)

The Roundhill Generative AI & Technology ETF (CHAT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in 25 to 50 companies around the world that are involved in generative artificial intelligence and other related technologies. CHAT was launched on May 18, 2023 and is managed by Roundhill.

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