WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Trading 2.8% Higher – What’s Next?

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) was up 2.8% on Monday . The company traded as high as $45.79 and last traded at $45.79. Approximately 387,308 shares traded hands during mid-day trading, an increase of 110% from the average session volume of 184,006 shares. The stock had previously closed at $44.53.

WisdomTree Artificial Intelligence and Innovation Fund Trading Up 2.8%

The company has a 50-day moving average of $41.55 and a 200-day moving average of $33.95. The firm has a market capitalization of $393.79 million, a price-to-earnings ratio of 25.61 and a beta of 1.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sherman Asset Management Inc. grew its position in shares of WisdomTree Artificial Intelligence and Innovation Fund by 141.7% during the 1st quarter. Sherman Asset Management Inc. now owns 1,675 shares of the company’s stock valued at $47,000 after buying an additional 982 shares during the last quarter. Team Financial Group LLC bought a new position in WisdomTree Artificial Intelligence and Innovation Fund in the first quarter worth about $47,000. Private Trust Co. NA grew its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 1,017.9% during the fourth quarter. Private Trust Co. NA now owns 1,621 shares of the company’s stock valued at $47,000 after purchasing an additional 1,476 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund during the 4th quarter worth approximately $51,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of WisdomTree Artificial Intelligence and Innovation Fund by 62.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,957 shares of the company’s stock worth $86,000 after purchasing an additional 1,133 shares during the last quarter.

WisdomTree Artificial Intelligence and Innovation Fund Company Profile

The WisdomTree Artificial Intelligence and Innovation Fund (WTAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equally-weighted index of globally-listed stocks whose businesses are derived from artificial intelligence and innovation. Selection and weighting are overseen by a committee. WTAI was launched on Dec 9, 2021 and is managed by WisdomTree.