WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) Shares Down 0.5% – Here’s Why

WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAIGet Free Report) dropped 0.5% during trading on Tuesday . The company traded as low as $22.45 and last traded at $21.91. Approximately 27,464 shares were traded during mid-day trading, The stock had previously closed at $22.02.

WisdomTree Artificial Intelligence and Innovation Fund Stock Performance

The company has a market cap of $193.86 million, a PE ratio of 26.78 and a beta of 1.38. The firm’s 50 day moving average is $23.04 and its 200-day moving average is $21.39.

Institutional Investors Weigh In On WisdomTree Artificial Intelligence and Innovation Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WTAI. Ameriprise Financial Inc. acquired a new stake in WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at approximately $251,000. Creative Financial Designs Inc. ADV purchased a new position in shares of WisdomTree Artificial Intelligence and Innovation Fund during the fourth quarter worth $29,000. AllSquare Wealth Management LLC grew its stake in shares of WisdomTree Artificial Intelligence and Innovation Fund by 16.9% in the fourth quarter. AllSquare Wealth Management LLC now owns 3,388 shares of the company’s stock valued at $75,000 after buying an additional 490 shares in the last quarter. Sherman Asset Management Inc. purchased a new stake in shares of WisdomTree Artificial Intelligence and Innovation Fund in the 4th quarter valued at $199,000. Finally, Janney Montgomery Scott LLC lifted its stake in WisdomTree Artificial Intelligence and Innovation Fund by 24.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,873 shares of the company’s stock worth $393,000 after acquiring an additional 3,561 shares in the last quarter.

About WisdomTree Artificial Intelligence and Innovation Fund

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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.

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