Shah Wealth Advisors LLC Takes Position in iShares A.I. Innovation and Tech Active ETF $BAI

Shah Wealth Advisors LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 391,169 shares of the company’s stock, valued at approximately $20,622,000. iShares A.I. Innovation and Tech Active ETF comprises about 4.8% of Shah Wealth Advisors LLC’s holdings, making the stock its 7th largest holding. Shah Wealth Advisors LLC owned approximately 0.13% of iShares A.I. Innovation and Tech Active ETF as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BAI. JPMorgan Chase & Co. boosted its stake in iShares A.I. Innovation and Tech Active ETF by 89.3% in the fourth quarter. JPMorgan Chase & Co. now owns 16,235,223 shares of the company’s stock valued at $540,633,000 after acquiring an additional 7,659,120 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of iShares A.I. Innovation and Tech Active ETF during the third quarter worth $92,637,000. NewEdge Advisors LLC increased its position in shares of iShares A.I. Innovation and Tech Active ETF by 162.3% during the third quarter. NewEdge Advisors LLC now owns 2,682,911 shares of the company’s stock worth $91,648,000 after purchasing an additional 1,660,253 shares in the last quarter. United Capital Financial Advisors LLC increased its position in shares of iShares A.I. Innovation and Tech Active ETF by 157.4% during the third quarter. United Capital Financial Advisors LLC now owns 1,437,706 shares of the company’s stock worth $49,112,000 after purchasing an additional 879,220 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 14.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,721,827 shares of the company’s stock valued at $122,634,000 after purchasing an additional 456,830 shares during the last quarter.

iShares A.I. Innovation and Tech Active ETF Price Performance

iShares A.I. Innovation and Tech Active ETF stock opened at $44.59 on Friday. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 45.43 and a beta of 2.38. iShares A.I. Innovation and Tech Active ETF has a 1-year low of $30.82 and a 1-year high of $54.46. The business has a fifty day moving average price of $44.86 and a 200-day moving average price of $42.64.

iShares A.I. Innovation and Tech Active ETF Company 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.