Wealth Management Partners LLC Takes $2.19 Million Position in iShares Future AI & Tech ETF $ARTY

Wealth Management Partners LLC bought a new position in iShares Future AI & Tech ETF (NYSEARCA:ARTY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,730 shares of the company’s stock, valued at approximately $2,185,000. Wealth Management Partners LLC owned approximately 0.12% of iShares Future AI & Tech ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. grew its position in iShares Future AI & Tech ETF by 81.2% in the first quarter. Raymond James Financial Inc. now owns 125,537 shares of the company’s stock valued at $3,948,000 after acquiring an additional 56,246 shares during the period. Comerica Bank acquired a new stake in shares of iShares Future AI & Tech ETF in the 1st quarter valued at $125,000. Royal Bank of Canada boosted its stake in shares of iShares Future AI & Tech ETF by 16.9% in the 1st quarter. Royal Bank of Canada now owns 130,466 shares of the company’s stock valued at $4,104,000 after purchasing an additional 18,891 shares in the last quarter. Clark Capital Management Group Inc. bought a new stake in shares of iShares Future AI & Tech ETF in the 1st quarter worth about $3,980,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of iShares Future AI & Tech ETF during the 1st quarter worth about $52,000.

iShares Future AI & Tech ETF Stock Up 3.0%

Shares of ARTY stock opened at $49.62 on Friday. The company has a market capitalization of $2.03 billion, a P/E ratio of 32.81 and a beta of 1.20. iShares Future AI & Tech ETF has a 12-month low of $26.31 and a 12-month high of $51.79. The firm has a 50-day moving average price of $48.22 and a 200 day moving average price of $45.23.

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.