TCW Artificial Intelligence ETF (NYSEARCA:AIFD) Trading Down 0.6% – Should You Sell?

Shares of TCW Artificial Intelligence ETF (NYSEARCA:AIFD) traded down 0.6% 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 Stock Down 0.6 %

The business has a fifty day simple moving average of $28.48 and a two-hundred day simple moving average of $28.30. The company has a market cap of $56.69 million and a P/E ratio of 33.14.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. FMR LLC bought a new position in shares of TCW Artificial Intelligence ETF in the third quarter worth about $37,000. Envestnet Asset Management Inc. grew its position in shares of TCW Artificial Intelligence ETF by 8.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,419 shares of the company’s stock worth $422,000 after purchasing an additional 1,066 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of TCW Artificial Intelligence ETF during the fourth quarter worth about $917,000. Jane Street Group LLC grew its position in shares of TCW Artificial Intelligence ETF by 429.5% during the fourth 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 in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of TCW Artificial Intelligence ETF by 2.2% during the fourth 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 in the last quarter.

About TCW Artificial Intelligence ETF

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.