TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Trading Down 0.6% – Here’s Why

TCW Artificial Intelligence ETF (NYSEARCA:AIFD) fell 0.6% during mid-day trading on Thursday . The company traded as low as $25.23 and last traded at $25.31. 4,711 shares were traded during mid-day trading, a decline of 67% from the average session volume of 14,284 shares. The stock had previously closed at $25.45.

TCW Artificial Intelligence ETF Trading Down 0.2 %

The stock has a market cap of $56.60 million and a price-to-earnings ratio of 33.14. The stock’s 50-day moving average price is $28.40 and its 200-day moving average price is $28.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AIFD. Jane Street Group LLC lifted its position in shares of TCW Artificial Intelligence ETF by 429.5% in the 4th quarter. Jane Street Group LLC now owns 40,048 shares of the company’s stock worth $1,173,000 after purchasing an additional 32,485 shares during the period. HighTower Advisors LLC acquired a new position in shares of TCW Artificial Intelligence ETF in the 4th quarter worth approximately $917,000. FMR LLC acquired a new position in shares of TCW Artificial Intelligence ETF in the 3rd quarter worth approximately $37,000. Commonwealth Equity Services LLC lifted its position in shares of TCW Artificial Intelligence ETF by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 50,249 shares of the company’s stock worth $1,472,000 after purchasing an additional 1,086 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of TCW Artificial Intelligence ETF by 8.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,419 shares of the company’s stock worth $422,000 after buying an additional 1,066 shares during the period.

TCW Artificial Intelligence ETF Company Profile

The TCW Artificial Intelligence ETF (AIFD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global equity securities of companies focusing on and benefiting from artificial intelligence. It primarily selects growth companies and seeks long-term growth of capital.