iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Large Volume Increase – Should You Buy?

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw an uptick in trading volume on Tuesday . 162,853 shares changed hands during trading, a decline of 3% from the previous session’s volume of 168,053 shares.The stock last traded at $33.69 and had previously closed at $34.53.

iShares Future AI & Tech ETF Stock Up 1.4 %

The company’s 50-day moving average is $38.69 and its two-hundred day moving average is $36.43. The company has a market capitalization of $809.64 million, a P/E ratio of 39.97 and a beta of 1.12.

Institutional Trading of iShares Future AI & Tech ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vermillion Wealth Management Inc. purchased a new stake in iShares Future AI & Tech ETF during the fourth quarter valued at about $39,000. Continuum Advisory LLC bought a new position in shares of iShares Future AI & Tech ETF in the 4th quarter worth approximately $44,000. Sunbelt Securities Inc. purchased a new position in shares of iShares Future AI & Tech ETF in the 4th quarter valued at approximately $76,000. WCG Wealth Advisors LLC bought a new stake in shares of iShares Future AI & Tech ETF during the fourth quarter valued at approximately $461,000. Finally, Wolf Group Capital Advisors purchased a new stake in iShares Future AI & Tech ETF in the fourth quarter worth $484,000.

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.