iShares Future AI & Tech ETF (NYSEARCA:ARTY) Reaches New 52-Week High – Here’s What Happened

iShares Future AI & Tech ETF (NYSEARCA:ARTY) hit a new 52-week high during trading on Tuesday. The stock traded as high as $81.97 and last traded at $81.3980, with a volume of 109850 shares traded. The stock had previously closed at $80.80.

iShares Future AI & Tech ETF Price Performance

The stock has a 50 day moving average price of $74.51 and a 200-day moving average price of $68.32. The stock has a market capitalization of $4.40 billion, a P/E ratio of 32.81 and a beta of 1.53.

Institutional Trading of iShares Future AI & Tech ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ARTY. Steelhead Wealth Management LLC purchased a new stake in shares of iShares Future AI & Tech ETF during the first quarter valued at approximately $2,684,000. Independent Financial Group LLC purchased a new stake in shares of iShares Future AI & Tech ETF during the first quarter valued at about $2,569,000. Bank of America Corp DE grew its stake in iShares Future AI & Tech ETF by 2.5% during the 1st quarter. Bank of America Corp DE now owns 1,378,580 shares of the company’s stock worth $64,145,000 after buying an additional 33,575 shares during the last quarter. Stonebrook Private Inc. acquired a new position in shares of iShares Future AI & Tech ETF in the fourth quarter valued at about $1,567,000. Finally, Kestra Advisory Services LLC grew its holdings in iShares Future AI & Tech ETF by 50.3% during the first quarter. Kestra Advisory Services LLC now owns 94,027 shares of the company’s stock worth $4,375,000 after acquiring an additional 31,482 shares during the period.

iShares Future AI & Tech ETF Company Profile

The iShares Future AI & Tech ETF (ARTY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a concentrated index of global companies that provide products and services that are expected to contribute to artificial intelligence technologies. Holdings are selected and weighted based on a modified market-cap. ARTY was launched on Jun 26, 2018 and is issued by BlackRock.