Farther Finance Advisors LLC Reduces Stake in Global X Future Analytics Tech ETF

Farther Finance Advisors LLC has decreased its stake in the Global X Future Analytics Tech ETF (NASDAQ:AIQ) by 31.4% during the third quarter, as indicated in its latest Form 13F filing with the Securities and Exchange Commission. After selling 7,864 shares, the institutional investor currently owns 17,195 shares of this technology-focused ETF, which are valued at approximately $639,000 based on the most recent report.

Other institutional investors have also adjusted their holdings in the Global X Future Analytics Tech ETF. For instance, LPL Financial LLC increased its position by 25.2% in the second quarter, now owning 2,027,885 shares worth $72,254,000 after acquiring 407,981 additional shares. Similarly, Valley Wealth Managers Inc. boosted its stake significantly by 136.7% during the same period, holding 548,975 shares valued at $19,560,000 after purchasing 317,031 shares.

Envestnet Asset Management Inc. also expanded its holdings by 118.2% in the second quarter, now owning 579,410 shares worth $20,644,000 after buying 313,914 shares. Furthermore, Kestra Advisory Services LLC saw a substantial increase of 363.2% in its stake in the first quarter, currently owning 379,397 shares valued at $12,884,000 after an additional purchase of 297,491 shares. Prudent Investors Network Inc. also established a new position in the ETF during the first quarter, estimated at around $7,892,000. As a result, approximately 27.02% of the fund’s shares are currently owned by hedge funds and other institutional investors.

Performance of Global X Future Analytics Tech ETF

As of recently, the Global X Future Analytics Tech ETF (NASDAQ:AIQ) opened at $37.42. The ETF has seen a yearly low of $27.50 and a high of $38.19. The 50-day moving average stands at $36.40, while the 200-day moving average is at $35.19. The fund has a market cap of $2.27 billion and a P/E ratio of -220.12, indicating a beta of 1.13.

About the Global X Future Analytics Tech ETF

Global X Future Analytics Tech ETF is designed to invest in companies involved in artificial intelligence and technology, providing investors with exposure to a rapidly growing sector.

ETF, Investment, Finance