iShares Future AI & Tech ETF (NYSEARCA:ARTY) Hits New 52-Week High – Still a Buy?

iShares Future AI & Tech ETF (NYSEARCA:ARTY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $63.89 and last traded at $63.89, with a volume of 2320 shares traded. The stock had previously closed at $62.82.

iShares Future AI & Tech ETF Stock Performance

The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 32.81 and a beta of 1.46. The firm’s 50-day simple moving average is $51.96 and its 200-day simple moving average is $50.26.

Institutional Trading of iShares Future AI & Tech ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ARTY. MMA Asset Management LLC acquired a new stake in iShares Future AI & Tech ETF in the 3rd quarter worth $25,000. Nemes Rush Group LLC grew its position in iShares Future AI & Tech ETF by 333.3% in the 4th quarter. Nemes Rush Group LLC now owns 533 shares of the company’s stock worth $26,000 after purchasing an additional 410 shares during the last quarter. CoreCap Advisors LLC grew its position in iShares Future AI & Tech ETF by 61.8% in the 4th quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock worth $28,000 after purchasing an additional 218 shares during the last quarter. Howe & Rusling Inc. grew its position in iShares Future AI & Tech ETF by 525.0% in the 3rd quarter. Howe & Rusling Inc. now owns 625 shares of the company’s stock worth $29,000 after purchasing an additional 525 shares during the last quarter. Finally, Saranac Partners Ltd acquired a new stake in iShares Future AI & Tech ETF in the 3rd quarter worth $33,000.

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.