McNaughton Wealth Management LLC reduced its holdings in iShares Future AI & Tech ETF (NYSEARCA:ARTY – Free Report) by 21.8% in the second quarter, HoldingsChannel reports. The firm owned 102,549 shares of the company’s stock after selling 28,619 shares during the period. iShares Future AI & Tech ETF makes up about 2.8% of McNaughton Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. McNaughton Wealth Management LLC’s holdings in iShares Future AI & Tech ETF were worth $7,810,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in ARTY. BCS Wealth Management bought a new stake in iShares Future AI & Tech ETF in the 4th quarter valued at about $496,000. Kingswood Wealth Advisors LLC acquired a new position in iShares Future AI & Tech ETF during the 4th quarter worth approximately $522,000. U.S. Capital Wealth Advisors LLC bought a new position in iShares Future AI & Tech ETF in the fourth quarter worth approximately $541,000. Assetmark Inc. boosted its holdings in iShares Future AI & Tech ETF by 1,433.3% in the fourth quarter. Assetmark Inc. now owns 631,409 shares of the company’s stock worth $30,421,000 after acquiring an additional 590,228 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in iShares Future AI & Tech ETF by 29.7% in the fourth quarter. HighTower Advisors LLC now owns 255,108 shares of the company’s stock valued at $12,291,000 after acquiring an additional 58,451 shares during the period.
iShares Future AI & Tech ETF Stock Down 1.4%
NYSEARCA ARTY opened at $72.22 on Thursday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 32.81 and a beta of 1.51. iShares Future AI & Tech ETF has a 52 week low of $40.56 and a 52 week high of $81.85. The business has a 50 day moving average price of $71.98 and a 200-day moving average price of $60.78.
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.
Recommended Stories
- Five stocks we like better than iShares Future AI & Tech ETF
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Want to see what other hedge funds are holding ARTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Future AI & Tech ETF (NYSEARCA:ARTY – Free Report).
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.
