Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT) Sets New 52-Week High – Still a Buy?

Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $85.96 and last traded at $85.87, with a volume of 882832 shares trading hands. The stock had previously closed at $82.34.

Roundhill Generative AI & Technology ETF Stock Up 4.3%

The firm has a market capitalization of $1.58 billion, a P/E ratio of 21.50 and a beta of 1.74. The firm’s 50-day simple moving average is $68.11 and its 200-day simple moving average is $64.01.

Institutional Investors Weigh In On Roundhill Generative AI & Technology ETF

Several hedge funds have recently bought and sold shares of the stock. Price Capital Management Inc. bought a new stake in Roundhill Generative AI & Technology ETF during the third quarter valued at approximately $7,894,000. Janney Montgomery Scott LLC lifted its holdings in shares of Roundhill Generative AI & Technology ETF by 15.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 72,650 shares of the company’s stock worth $4,493,000 after acquiring an additional 9,552 shares during the last quarter. Providence First Trust Co bought a new stake in shares of Roundhill Generative AI & Technology ETF in the 4th quarter worth approximately $1,202,000. Valeo Financial Advisors LLC lifted its holdings in shares of Roundhill Generative AI & Technology ETF by 37.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 11,973 shares of the company’s stock worth $706,000 after acquiring an additional 3,237 shares during the last quarter. Finally, Berbice Capital Management LLC lifted its holdings in shares of Roundhill Generative AI & Technology ETF by 89.1% in the 4th quarter. Berbice Capital Management LLC now owns 10,806 shares of the company’s stock worth $637,000 after acquiring an additional 5,091 shares during the last quarter.

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.