iShares Future AI & Tech ETF (NYSEARCA:ARTY) Reaches New 1-Year Low – Here’s Why

iShares Future AI & Tech ETF (NYSEARCA:ARTY)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $26.31 and last traded at $26.46, with a volume of 266013 shares traded. The stock had previously closed at $27.86.

iShares Future AI & Tech ETF Stock Up 1.5 %

The firm has a 50-day simple moving average of $36.14 and a 200 day simple moving average of $36.43. The company has a market cap of $689.79 million, a price-to-earnings ratio of 32.59 and a beta of 1.17.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARTY. GTS Securities LLC purchased a new stake in shares of iShares Future AI & Tech ETF in the fourth quarter valued at approximately $2,407,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of iShares Future AI & Tech ETF during the 4th quarter worth $1,383,000. H&H Retirement Design & Management INC acquired a new position in shares of iShares Future AI & Tech ETF during the 4th quarter worth $1,044,000. Wolf Group Capital Advisors purchased a new position in shares of iShares Future AI & Tech ETF in the 4th quarter valued at about $484,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in shares of iShares Future AI & Tech ETF in the first quarter valued at about $398,000.

About iShares Future AI & Tech ETF

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.