iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI – Get Free Report) shares saw unusually-high trading volume on Tuesday . 5,051,768 shares traded hands during trading, an increase of 65% from the previous session’s volume of 3,053,887 shares.The stock last traded at $47.2230 and had previously closed at $46.93.
iShares A.I. Innovation and Tech Active ETF Trading Down 1.3%
The stock has a market capitalization of $15.04 billion, a price-to-earnings ratio of 45.43 and a beta of 2.38. The stock’s 50 day moving average is $44.11 and its 200 day moving average is $43.62.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of BAI. Cahill Financial Advisors Inc. increased its stake in shares of iShares A.I. Innovation and Tech Active ETF by 11.0% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 341,560 shares of the company’s stock worth $18,007,000 after purchasing an additional 33,902 shares in the last quarter. Shah Wealth Advisors LLC purchased a new stake in iShares A.I. Innovation and Tech Active ETF in the 2nd quarter valued at approximately $20,622,000. Blue Edge Capital LLC acquired a new stake in iShares A.I. Innovation and Tech Active ETF during the 2nd quarter valued at $15,282,000. Nations Financial Group Inc. IA ADV acquired a new stake in iShares A.I. Innovation and Tech Active ETF during the 2nd quarter valued at $209,000. Finally, Wells Financial Advisors INC grew its holdings in iShares A.I. Innovation and Tech Active ETF by 87.0% during the 2nd quarter. Wells Financial Advisors INC now owns 1,141 shares of the company’s stock valued at $60,000 after buying an additional 531 shares during the last quarter.
iShares A.I. Innovation and Tech Active ETF Company Profile
The iShares A.I. Innovation and Tech Active ETF (BAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of global AI and technology equities across all market capitalizations. Holdings are selected using proprietary, fundamental research. BAI was launched on Oct 21, 2024 and is issued by BlackRock.
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