Wharton Business Group LLC Sells 34,360 Shares of iShares Future AI & Tech ETF $ARTY

Wharton Business Group LLC lessened its holdings in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 954,682 shares of the company’s stock after selling 34,360 shares during the quarter. iShares Future AI & Tech ETF makes up 1.7% of Wharton Business Group LLC’s portfolio, making the stock its 18th biggest position. Wharton Business Group LLC owned 2.19% of iShares Future AI & Tech ETF worth $45,997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARTY. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Future AI & Tech ETF by 744.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,206,214 shares of the company’s stock valued at $55,220,000 after acquiring an additional 1,063,439 shares in the last quarter. Hancock Prospecting Pty Ltd bought a new position in shares of iShares Future AI & Tech ETF during the third quarter valued at approximately $48,307,000. Ameriprise Financial Inc. raised its holdings in shares of iShares Future AI & Tech ETF by 85.1% during the third quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock valued at $60,639,000 after acquiring an additional 608,816 shares in the last quarter. Assetmark Inc. raised its holdings in shares of iShares Future AI & Tech ETF by 1,433.3% during the fourth quarter. Assetmark Inc. now owns 631,409 shares of the company’s stock valued at $30,421,000 after acquiring an additional 590,228 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of iShares Future AI & Tech ETF by 35.9% during the third quarter. Bank of America Corp DE now owns 1,155,924 shares of the company’s stock valued at $52,918,000 after acquiring an additional 305,380 shares in the last quarter.

iShares Future AI & Tech ETF Stock Down 9.9%

Shares of iShares Future AI & Tech ETF stock opened at $70.63 on Friday. The company has a market cap of $3.26 billion, a PE ratio of 32.81 and a beta of 1.50. The business has a 50 day moving average of $61.81 and a 200 day moving average of $53.79. iShares Future AI & Tech ETF has a 52 week low of $37.78 and a 52 week high of $81.85.

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.