iShares Future AI & Tech ETF (NYSEARCA:ARTY – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $65.23 and traded as low as $58.61. iShares Future AI & Tech ETF shares last traded at $58.73, with a volume of 2,239,971 shares changing hands.
iShares Future AI & Tech ETF Stock Up 3.9%
The firm’s 50-day moving average price is $74.12 and its 200 day moving average price is $65.28. The company has a market capitalization of $3.25 billion, a P/E ratio of 32.81 and a beta of 1.57.
Hedge Funds Weigh In On iShares Future AI & Tech ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. CX Institutional boosted its position in shares of iShares Future AI & Tech ETF by 7.8% during the third quarter. CX Institutional now owns 121,452 shares of the company’s stock valued at $9,512,000 after buying an additional 8,801 shares during the last quarter. Brookstone Capital Management purchased a new stake in iShares Future AI & Tech ETF in the 3rd quarter valued at $1,482,000. Envestnet Asset Management Inc. raised its position in iShares Future AI & Tech ETF by 27.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 139,001 shares of the company’s stock valued at $10,586,000 after buying an additional 29,635 shares during the last quarter. Steelhead Wealth Management LLC purchased a new stake in iShares Future AI & Tech ETF in the 1st quarter valued at $2,684,000. Finally, MTCO Ltd. purchased a new stake in iShares Future AI & Tech ETF in the 3rd quarter valued at $1,591,000.
iShares Future AI & Tech ETF Company 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.
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