Envestnet Portfolio Solutions Inc. Buys Shares of 7,928 iShares Future AI & Tech ETF $ARTY

Envestnet Portfolio Solutions Inc. bought a new stake in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,928 shares of the company’s stock, valued at approximately $382,000.

Several other institutional investors have also added to or reduced their stakes in ARTY. Northwestern Mutual Wealth Management Co. boosted its stake in iShares Future AI & Tech ETF by 744.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,206,214 shares of the company’s stock valued at $55,220,000 after purchasing an additional 1,063,439 shares during the last quarter. Hancock Prospecting Pty Ltd bought a new position in shares of iShares Future AI & Tech ETF during the 3rd quarter valued at $48,307,000. Ameriprise Financial Inc. lifted its holdings in shares of iShares Future AI & Tech ETF by 85.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock valued at $60,639,000 after buying an additional 608,816 shares during the period. Assetmark Inc. lifted its holdings in shares of iShares Future AI & Tech ETF by 1,433.3% during the 4th quarter. Assetmark Inc. now owns 631,409 shares of the company’s stock valued at $30,421,000 after buying an additional 590,228 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of iShares Future AI & Tech ETF by 35.9% during the 3rd quarter. Bank of America Corp DE now owns 1,155,924 shares of the company’s stock valued at $52,918,000 after buying an additional 305,380 shares during the period.

iShares Future AI & Tech ETF Price Performance

NYSEARCA ARTY opened at $71.09 on Thursday. The business’s fifty day moving average price is $58.00 and its 200-day moving average price is $52.43. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 32.81 and a beta of 1.46. iShares Future AI & Tech ETF has a 1-year low of $36.09 and a 1-year high of $72.56.

iShares Future AI & Tech ETF 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.