Janney Montgomery Scott LLC Has $108.72 Million Stock Position in iShares A.I. Innovation and Tech Active ETF $BAI

Janney Montgomery Scott LLC grew its position in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) by 6.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,264,997 shares of the company’s stock after purchasing an additional 195,724 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares A.I. Innovation and Tech Active ETF were worth $108,724,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Team Financial Group LLC increased its stake in shares of iShares A.I. Innovation and Tech Active ETF by 59.6% in the 4th quarter. Team Financial Group LLC now owns 964 shares of the company’s stock valued at $32,000 after buying an additional 360 shares during the period. Nemes Rush Group LLC increased its stake in shares of iShares A.I. Innovation and Tech Active ETF by 531.6% in the 4th quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock valued at $37,000 after buying an additional 925 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the 2nd quarter valued at $119,000. Financial Management Professionals Inc. increased its stake in shares of iShares A.I. Innovation and Tech Active ETF by 5.4% in the 4th quarter. Financial Management Professionals Inc. now owns 5,674 shares of the company’s stock valued at $189,000 after buying an additional 292 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the fourth quarter worth $222,000.

iShares A.I. Innovation and Tech Active ETF Stock Down 2.6%

Shares of iShares A.I. Innovation and Tech Active ETF stock opened at $45.58 on Thursday. iShares A.I. Innovation and Tech Active ETF has a 12 month low of $26.61 and a 12 month high of $52.53. The business has a fifty day simple moving average of $43.66 and a 200 day simple moving average of $37.55. The stock has a market cap of $14.15 billion, a PE ratio of 45.43 and a beta of 2.32.

iShares A.I. Innovation and Tech Active ETF Profile

The iShares A.I. Innovation and Tech Active ETF (BAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of global AI and technology equities across all market capitalizations. Holdings are selected using proprietary, fundamental research. BAI was launched on Oct 21, 2024 and is issued by BlackRock.