Hancock Prospecting increased its position in the Global X Artificial Intelligence & Technology ETF by 1,447,190 shares, with a net value change of $71.75 million. This represents a 2.14% change in 13F reportable assets under management. The post-trade stake now totals 1,494,534 shares valued at $73.82 million, making it the fund’s 7th-largest holding.

The ETF currently trades at $50.94 per share, down 5% from its 52-week high, with a one-year total return of 30%. The fund tracks global companies involved in artificial intelligence and big data, offering thematic exposure to technological innovation. In comparison to other tech-heavy holdings, AIQ remains smaller in size, but has shown strong growth.

While Hancock Prospecting’s investment in AIQ showcases interest in the AI space, the ETF’s performance history is still evolving. With a higher expense ratio and lower dividend yield compared to QQQ, investors may prefer individual AI stocks or the broader tech-focused ETF for exposure to the sector.

Read more at Nasdaq: Hancock Prospecting Bets Big on Global X Artificial Intelligence and Technology ETF: Should Investors Buy Too?