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

iShares Future AI & Tech ETF (NYSEARCA:ARTYGet Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $70.94 and last traded at $70.84, with a volume of 64401 shares trading hands. The stock had previously closed at $68.78.

iShares Future AI & Tech ETF Price Performance

The firm has a market cap of $3.31 billion, a P/E ratio of 32.81 and a beta of 1.46. The business’s 50-day moving average is $57.10 and its two-hundred day moving average is $52.11.

Institutional Inflows and Outflows

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

iShares Future AI & Tech ETF Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for iShares Future AI & Tech ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Future AI & Tech ETF and related companies with MarketBeat.com's FREE daily email newsletter.