TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Trading Down 0.2% – Should You Sell?

TCW Artificial Intelligence ETF (NYSEARCA:AIFD)’s share price dropped 0.2% during mid-day trading on Monday . The company traded as low as $29.57 and last traded at $29.78. Approximately 11,239 shares traded hands during trading, a decline of 47% from the average daily volume of 21,211 shares. The stock had previously closed at $29.85.

TCW Artificial Intelligence ETF Trading Down 0.6 %

The stock’s fifty day simple moving average is $30.13 and its 200-day simple moving average is $28.21.

Institutional Investors Weigh In On TCW Artificial Intelligence ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in 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 in the last quarter. Commonwealth Equity Services LLC raised its holdings 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 valued at $1,472,000 after purchasing an additional 1,086 shares in the last quarter. FMR LLC acquired a new stake in shares of TCW Artificial Intelligence ETF in the 3rd quarter valued at $37,000. HighTower Advisors LLC acquired a new stake in shares of TCW Artificial Intelligence ETF in the 4th quarter valued at $917,000. Finally, Jane Street Group LLC raised its holdings 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 valued at $1,173,000 after purchasing an additional 32,485 shares in the last quarter.