iShares Future AI & Tech ETF (NYSEARCA:ARTY) Shares Cross Below 200 Day Moving Average – Should You Sell?

iShares Future AI & Tech ETF (NYSEARCA:ARTY) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $65.23 and traded as low as $58.61. iShares Future AI & Tech ETF shares last traded at $58.73, with a volume of 2,239,971 shares changing hands.

iShares Future AI & Tech ETF Stock Performance

The stock has a market capitalization of $3.13 billion, a P/E ratio of 32.81 and a beta of 1.57. The company’s fifty day simple moving average is $74.42 and its two-hundred day simple moving average is $65.23.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC bought a new position in shares of iShares Future AI & Tech ETF during the second quarter worth approximately $25,000. NBT Bank N.A. acquired a new stake in iShares Future AI & Tech ETF during the 3rd quarter worth approximately $30,000. Cranbrook Wealth Management LLC bought a new stake in iShares Future AI & Tech ETF in the 3rd quarter valued at $36,000. First Command Advisory Services Inc. acquired a new position in iShares Future AI & Tech ETF in the 3rd quarter valued at $41,000. Finally, Go Invest LLC acquired a new position in iShares Future AI & Tech ETF in the 3rd quarter valued at $41,000.

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