Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) Reaches New 12-Month High – Still a Buy?

Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.80 and last traded at $53.8950, with a volume of 10745 shares changing hands. The stock had previously closed at $53.11.

Global X Artificial Intelligence & Technology ETF Stock Up 0.9%

The company’s fifty day simple moving average is $51.09 and its two-hundred day simple moving average is $48.97. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of -315.68 and a beta of 1.18.

Global X Artificial Intelligence & Technology ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.0451 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 18.0%. Global X Artificial Intelligence & Technology ETF’s payout ratio is currently -52.94%.

Institutional Investors Weigh In On Global X Artificial Intelligence & Technology ETF

Several large investors have recently modified their holdings of the business. First Horizon Corp acquired a new position in Global X Artificial Intelligence & Technology ETF in the 3rd quarter worth $492,000. Farther Finance Advisors LLC lifted its holdings in shares of Global X Artificial Intelligence & Technology ETF by 251.2% in the third quarter. Farther Finance Advisors LLC now owns 76,424 shares of the technology ETF’s stock valued at $3,775,000 after purchasing an additional 54,661 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Global X Artificial Intelligence & Technology ETF by 2,978.4% during the third quarter. CoreCap Advisors LLC now owns 60,399 shares of the technology ETF’s stock worth $2,983,000 after buying an additional 58,437 shares during the period. Sage Private Wealth Group LLC bought a new position in shares of Global X Artificial Intelligence & Technology ETF during the third quarter worth about $544,000. Finally, Park Place Capital Corp bought a new position in shares of Global X Artificial Intelligence & Technology ETF during the second quarter worth about $66,000. 27.02% of the stock is currently owned by institutional investors.

Global X Artificial Intelligence & Technology ETF Company Profile

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Global X Artificial Intelligence & Technology ETF

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