iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Large Volume Increase – Here’s What Happened

iShares Future AI & Tech ETF (NYSEARCA:ARTY) shares saw unusually-strong trading volume on Thursday . Approximately 237,604 shares traded hands during trading, an increase of 24% from the previous session’s volume of 191,345 shares.The stock last traded at $30.47 and had previously closed at $32.22.

iShares Future AI & Tech ETF Stock Down 5.6 %

The stock has a market capitalization of $739.88 million, a PE ratio of 31.44 and a beta of 1.12. The business’s 50-day moving average is $36.61 and its two-hundred day moving average is $36.49.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vermillion Wealth Management Inc. purchased a new stake in shares of iShares Future AI & Tech ETF during the fourth quarter worth approximately $39,000. Continuum Advisory LLC acquired a new position in iShares Future AI & Tech ETF in the 4th quarter valued at $44,000. Sunbelt Securities Inc. purchased a new position in iShares Future AI & Tech ETF during the 4th quarter worth $76,000. Glass Jacobson Investment Advisors llc acquired a new stake in shares of iShares Future AI & Tech ETF in the 1st quarter worth $398,000. Finally, WCG Wealth Advisors LLC purchased a new stake in shares of iShares Future AI & Tech ETF in the fourth quarter valued at about $461,000.

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.