Evolve Private Wealth LLC bought a new position in shares of TCW Artificial Intelligence ETF (NYSEARCA:AIFD – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,209 shares of the company’s stock, valued at approximately $315,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AIFD. Raymond James Financial Inc. bought a new stake in shares of TCW Artificial Intelligence ETF in the 2nd quarter valued at about $218,000. Susquehanna International Group LLP purchased a new stake in shares of TCW Artificial Intelligence ETF in the 3rd quarter worth approximately $281,000. Sunbelt Securities Inc. boosted its stake in shares of TCW Artificial Intelligence ETF by 103.7% during the third quarter. Sunbelt Securities Inc. now owns 2,239 shares of the company’s stock valued at $79,000 after purchasing an additional 1,140 shares in the last quarter. Sigma Planning Corp increased its holdings in TCW Artificial Intelligence ETF by 7.1% during the fourth quarter. Sigma Planning Corp now owns 14,568 shares of the company’s stock valued at $547,000 after buying an additional 971 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new position in TCW Artificial Intelligence ETF during the fourth quarter valued at approximately $30,000.
TCW Artificial Intelligence ETF Stock Up 1.0%
Shares of NYSEARCA:AIFD opened at $51.60 on Thursday. The company has a market capitalization of $134.16 million, a price-to-earnings ratio of 42.59 and a beta of 1.78. TCW Artificial Intelligence ETF has a 52 week low of $31.32 and a 52 week high of $57.80. The firm has a 50 day moving average of $51.77 and a 200 day moving average of $47.27.
About TCW Artificial Intelligence ETF
The TCW Artificial Intelligence ETF (AIFD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global equity securities of companies focusing on and benefiting from artificial intelligence. It primarily selects growth companies and seeks long-term growth of capital. AIFD was launched on May 6, 2024 and is issued by TCW.
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