Ellis Investment Partners LLC Takes $564,000 Position in iShares Future AI & Tech ETF $ARTY

Ellis Investment Partners LLC purchased a new stake in iShares Future AI & Tech ETF (NYSEARCA:ARTY) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 11,702 shares of the company’s stock, valued at approximately $564,000.

A number of other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of iShares Future AI & Tech ETF by 85.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock valued at $60,639,000 after acquiring an additional 608,816 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Future AI & Tech ETF by 744.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,206,214 shares of the company’s stock valued at $55,220,000 after acquiring an additional 1,063,439 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of iShares Future AI & Tech ETF by 35.9% in the 3rd quarter. Bank of America Corp DE now owns 1,155,924 shares of the company’s stock valued at $52,918,000 after acquiring an additional 305,380 shares during the last quarter. Hancock Prospecting Pty Ltd bought a new stake in shares of iShares Future AI & Tech ETF in the 3rd quarter valued at approximately $48,307,000. Finally, Wharton Business Group LLC increased its holdings in shares of iShares Future AI & Tech ETF by 2.4% in the 3rd quarter. Wharton Business Group LLC now owns 989,042 shares of the company’s stock valued at $45,277,000 after acquiring an additional 22,740 shares during the last quarter.

iShares Future AI & Tech ETF Trading Up 1.4%

Shares of NYSEARCA ARTY opened at $62.82 on Friday. iShares Future AI & Tech ETF has a twelve month low of $33.15 and a twelve month high of $63.17. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 32.81 and a beta of 1.46. The business has a 50 day simple moving average of $51.96 and a 200-day simple moving average of $50.24.

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.