iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Sees Large Volume Increase – Time to Buy?

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) shares saw unusually-strong trading volume on Thursday. 6,126,904 shares were traded during mid-day trading, an increase of 78% from the average daily volume of 3,445,473 shares. The stock last traded at $37.7380 and had previously closed at $37.88.

iShares A.I. Innovation and Tech Active ETF Stock Down 0.9%

The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 27.57 and a beta of 2.44. The stock has a fifty day moving average of $43.48 and a 200-day moving average of $42.22.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Shah Wealth Advisors LLC grew its position in shares of iShares A.I. Innovation and Tech Active ETF by 7.0% in the 3rd quarter. Shah Wealth Advisors LLC now owns 418,650 shares of the company’s stock valued at $19,756,000 after buying an additional 27,481 shares during the last quarter. Parallel Advisors LLC lifted its position in iShares A.I. Innovation and Tech Active ETF by 50.7% in the third quarter. Parallel Advisors LLC now owns 19,224 shares of the company’s stock valued at $907,000 after acquiring an additional 6,467 shares during the last quarter. Team Financial Group LLC lifted its position in iShares A.I. Innovation and Tech Active ETF by 8.8% in the third quarter. Team Financial Group LLC now owns 4,472 shares of the company’s stock valued at $211,000 after acquiring an additional 361 shares during the last quarter. Richardson Capital Management LLC lifted its position in iShares A.I. Innovation and Tech Active ETF by 28.2% in the third quarter. Richardson Capital Management LLC now owns 14,149 shares of the company’s stock valued at $668,000 after acquiring an additional 3,111 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in iShares A.I. Innovation and Tech Active ETF by 1.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 222,224 shares of the company’s stock valued at $10,487,000 after acquiring an additional 2,350 shares in the last quarter.

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.