NewEdge Advisors LLC trimmed its holdings in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY – Free Report) by 56.7% in the first quarter, HoldingsChannel.com reports. The fund owned 7,640 shares of the company’s stock after selling 9,995 shares during the period. NewEdge Advisors LLC’s holdings in iShares Future AI & Tech ETF were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Royal Bank of Canada boosted its position in iShares Future AI & Tech ETF by 16.9% in the first quarter. Royal Bank of Canada now owns 130,466 shares of the company’s stock worth $4,104,000 after purchasing an additional 18,891 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares Future AI & Tech ETF during the 1st quarter valued at $1,478,000. Franklin Resources Inc. bought a new stake in shares of iShares Future AI & Tech ETF during the 2nd quarter worth $53,000. Russell Investments Group Ltd. bought a new stake in shares of iShares Future AI & Tech ETF during the 2nd quarter worth $92,000. Finally, Cresset Asset Management LLC boosted its holdings in shares of iShares Future AI & Tech ETF by 12.5% in the 2nd quarter. Cresset Asset Management LLC now owns 9,274 shares of the company’s stock worth $380,000 after buying an additional 1,033 shares during the last quarter.
iShares Future AI & Tech ETF Stock Performance
Shares of NYSEARCA:ARTY opened at $74.17 on Monday. The company has a market capitalization of $3.89 billion, a P/E ratio of 32.81 and a beta of 1.51. The company’s 50-day moving average is $71.94 and its 200 day moving average is $62.66. iShares Future AI & Tech ETF has a fifty-two week low of $41.12 and a fifty-two 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.
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