iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sets New 12-Month High – Still a Buy?

iShares Future AI & Tech ETF (NYSEARCA:ARTY)’s share price hit a new 52-week high on Monday . The company traded as high as $69.14 and last traded at $68.73, with a volume of 93239 shares changing hands. The stock had previously closed at $68.38.

iShares Future AI & Tech ETF Price Performance

The company has a market cap of $3.21 billion, a P/E ratio of 32.81 and a beta of 1.46. The stock’s 50-day moving average is $52.90 and its two-hundred day moving average is $50.64.

Institutional Trading of iShares Future AI & Tech ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverbend Wealth Management LLC increased its holdings in iShares Future AI & Tech ETF by 4.2% during the first quarter. Riverbend Wealth Management LLC now owns 4,416 shares of the company’s stock valued at $205,000 after buying an additional 179 shares during the last quarter. CoreCap Advisors LLC increased its holdings in iShares Future AI & Tech ETF by 61.8% during the fourth quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock valued at $28,000 after buying an additional 218 shares during the last quarter. Blue Trust Inc. increased its holdings in iShares Future AI & Tech ETF by 43.3% during the first quarter. Blue Trust Inc. now owns 725 shares of the company’s stock valued at $34,000 after buying an additional 219 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in iShares Future AI & Tech ETF by 23.1% during the first quarter. AdvisorNet Financial Inc now owns 1,281 shares of the company’s stock valued at $60,000 after buying an additional 240 shares during the last quarter. Finally, WCG Wealth Advisors LLC increased its holdings in iShares Future AI & Tech ETF by 2.1% during the third quarter. WCG Wealth Advisors LLC now owns 12,156 shares of the company’s stock valued at $557,000 after buying an additional 248 shares during the last quarter.

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. ARTY was launched on Jun 26, 2018 and is issued by BlackRock.