5 Best AI ETFs To Invest In 2024

4. QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (NYSE:AMOM)

YTD Share Price Gain as of March 8: 19.19%

QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (NYSE:AMOM), established on May 21, 2019, is an actively managed fund that invests in AI technology. As of March 7, 2024, the ETF has an expense ratio of 0.75%, with net assets totaling $16.62 million. QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (NYSE:AMOM)’s portfolio comprises 50 stocks. It is one of the best ETFs to buy. 

Broadcom Inc. (NASDAQ:AVGO) is one of the biggest holdings of QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (NYSE:AMOM). On March 8, Broadcom Inc. (NASDAQ:AVGO) declared a $5.25 per share quarterly dividend, in line with previous. The dividend is payable on March 29, to shareholders on record as of March 21. 

According to Insider Monkey’s fourth quarter database, 91 hedge funds were bullish on Broadcom Inc. (NASDAQ:AVGO), compared to 87 funds in the earlier quarter. William Von Mueffling’s Cantillon Capital Management is a prominent stakeholder of the company, with 926,276 shares worth over $1 billion. 

Carillon Eagle Growth & Income Fund stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its fourth quarter 2023 investor letter:

“Broadcom Inc. (NASDAQ:AVGO) traded higher after closing on its acquisition of VMware. The company also announced earnings that were relatively in line with estimates with some benefit of better operating expenses. The stock appears to be one of the first real beneficiaries of generative artificial intelligence (AI) with meaningful revenue expected to show up in 2024.”