Global X Future Analytics Tech ETF (NASDAQ:AIQ) Sets New 52-Week High – Still a Buy?

Global X Future Analytics Tech ETF (NASDAQ:AIQ)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.49 and last traded at $39.49, with a volume of 24117 shares trading hands. The stock had previously closed at $38.77.

Global X Future Analytics Tech ETF Trading Down 1.0 %

The stock has a 50 day moving average of $36.95 and a 200-day moving average of $35.46. The company has a market capitalization of $2.33 billion, a P/E ratio of -225.71 and a beta of 1.13.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new position in Global X Future Analytics Tech ETF in the 2nd quarter worth approximately $205,000. Bleakley Financial Group LLC raised its holdings in shares of Global X Future Analytics Tech ETF by 69.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 13,477 shares of the technology ETF’s stock worth $501,000 after acquiring an additional 5,544 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Global X Future Analytics Tech ETF during the 3rd quarter worth approximately $1,889,000. Raymond James & Associates raised its holdings in shares of Global X Future Analytics Tech ETF by 52.2% during the 3rd quarter. Raymond James & Associates now owns 314,754 shares of the technology ETF’s stock worth $11,699,000 after acquiring an additional 107,990 shares in the last quarter. Finally, RFG Advisory LLC purchased a new stake in shares of Global X Future Analytics Tech ETF during the 2nd quarter worth approximately $361,000. 27.02% of the stock is currently owned by institutional investors.

Global X Future Analytics Tech ETF Company Profile

Global X Artificial Intelligence & Technology ETF