Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Stock Price Up 1.6% – Time to Buy?

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) traded up 1.6% during mid-day trading on Thursday . The stock traded as high as $86.99 and last traded at $86.84. 151,642 shares were traded during trading, a decline of 70% from the average session volume of 507,682 shares. The stock had previously closed at $85.51.

Roundhill Generative AI & Technology ETF Price Performance

The stock has a market capitalization of $1.93 billion, a PE ratio of 21.50 and a beta of 1.91. The stock has a 50 day moving average of $87.74 and a two-hundred day moving average of $81.32.

Institutional Trading of Roundhill Generative AI & Technology ETF

Institutional investors have recently added to or reduced their stakes in the stock. Morse Asset Management Inc purchased a new position in Roundhill Generative AI & Technology ETF in the third quarter valued at about $26,000. Parallel Advisors LLC acquired a new stake in shares of Roundhill Generative AI & Technology ETF in the 3rd quarter worth approximately $38,000. JPMorgan Chase & Co. purchased a new position in Roundhill Generative AI & Technology ETF in the 2nd quarter valued at approximately $63,000. Vestor Capital LLC increased its stake in Roundhill Generative AI & Technology ETF by 7,712.5% in the 1st quarter. Vestor Capital LLC now owns 1,250 shares of the company’s stock valued at $77,000 after purchasing an additional 1,234 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Roundhill Generative AI & Technology ETF by 693.7% during the third quarter. NewEdge Advisors LLC now owns 3,397 shares of the company’s stock worth $209,000 after purchasing an additional 2,969 shares during the last quarter.

About Roundhill Generative AI & Technology ETF

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.