Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Hits New 12-Month High – Should You Buy?

Shares of Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) reached a new 52-week high during trading on Friday . The stock traded as high as $79.53 and last traded at $79.07, with a volume of 201432 shares changing hands. The stock had previously closed at $77.99.

Roundhill Generative AI & Technology ETF Trading Up 1.9%

The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 21.50 and a beta of 1.58. The stock’s 50 day moving average is $67.35 and its two-hundred day moving average is $63.71.

Institutional Trading of Roundhill Generative AI & Technology ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHAT. IFP Advisors Inc increased its holdings in shares of Roundhill Generative AI & Technology ETF by 29.4% in the third quarter. IFP Advisors Inc now owns 828 shares of the company’s stock valued at $51,000 after purchasing an additional 188 shares during the period. Morse Asset Management Inc purchased a new position in Roundhill Generative AI & Technology ETF in the 3rd quarter valued at $26,000. NewEdge Advisors LLC grew its position in Roundhill Generative AI & Technology ETF by 14.7% in the 4th quarter. NewEdge Advisors LLC now owns 3,897 shares of the company’s stock valued at $230,000 after buying an additional 500 shares during the last quarter. Parallel Advisors LLC acquired a new position in Roundhill Generative AI & Technology ETF in the 3rd quarter valued at $38,000. Finally, Jackson Wealth Management LLC increased its stake in Roundhill Generative AI & Technology ETF by 29.4% in the 4th quarter. Jackson Wealth Management LLC now owns 4,506 shares of the company’s stock valued at $266,000 after buying an additional 1,024 shares during the period.

Roundhill Generative AI & Technology ETF Company Profile

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.