AI Powered Equity ETF (NYSEARCA:AIEQ) Shares Down 1.5%

AI Powered Equity ETF (NYSEARCA:AIEQ – Get Rating) shares were down 1.5% during mid-day trading on Friday . The stock traded as low as $28.60 and last traded at $28.67. Approximately 8,792 shares traded hands during trading, a decline of 69% from the average daily volume of 28,044 shares. The stock had previously closed at $29.12.

AI Powered Equity ETF Price Performance

The stock has a market capitalization of $108.37 million, a P/E ratio of 8.78 and a beta of 1.18. The firm has a 50 day moving average of $28.12 and a 200-day moving average of $29.67.

Hedge Funds Weigh In On AI Powered Equity ETF

A hedge fund recently raised its stake in AI Powered Equity ETF stock. JPMorgan Chase & Co. grew its stake in AI Powered Equity ETF (NYSEARCA:AIEQ – Get Rating) by 253.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,060 shares of the company’s stock after purchasing an additional 760 shares during the period. JPMorgan Chase & Co.’s holdings in AI Powered Equity ETF were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

About AI Powered Equity ETF

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The AI Powered Equity ETF (AIEQ) is an exchange-traded fund that is based on the S&P Total Market index. The fund is an actively-managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). AIEQ was launched on Oct 17, 2017 and is managed by ETF Managers Group.