iShares Future AI & Tech ETF (NYSEARCA:ARTY – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $65.62 and traded as low as $64.13. iShares Future AI & Tech ETF shares last traded at $65.60, with a volume of 327,699 shares changing hands.
iShares Future AI & Tech ETF Price Performance
The stock has a market cap of $3.50 billion, a P/E ratio of 21.22 and a beta of 1.57. The company’s 50 day simple moving average is $73.31 and its 200 day simple moving average is $65.62.
Hedge Funds Weigh In On iShares Future AI & Tech ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of iShares Future AI & Tech ETF by 2.5% in the 1st quarter. Bank of America Corp DE now owns 1,378,580 shares of the company’s stock valued at $64,145,000 after buying an additional 33,575 shares during the period. Wharton Business Group LLC acquired a new stake in iShares Future AI & Tech ETF during the 3rd quarter worth $51,512,000. Private Advisor Group LLC acquired a new stake in iShares Future AI & Tech ETF during the 3rd quarter worth $11,827,000. HighTower Advisors LLC acquired a new stake in iShares Future AI & Tech ETF during the 3rd quarter worth $11,699,000. Finally, Envestnet Asset Management Inc. lifted its holdings in iShares Future AI & Tech ETF by 27.1% during the second quarter. Envestnet Asset Management Inc. now owns 139,001 shares of the company’s stock worth $10,586,000 after acquiring an additional 29,635 shares in the last quarter.
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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