iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Hits New 12-Month High – Here’s What Happened

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $45.14 and last traded at $44.78, with a volume of 3821679 shares changing hands. The stock had previously closed at $43.77.

iShares A.I. Innovation and Tech Active ETF Stock Performance

The company has a market cap of $13.90 billion, a P/E ratio of 45.43 and a beta of 2.28. The stock’s fifty day moving average price is $36.44 and its two-hundred day moving average price is $35.22.

Institutional Investors Weigh In On iShares A.I. Innovation and Tech Active ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in shares of iShares A.I. Innovation and Tech Active ETF by 59.7% in the 4th quarter. Farther Finance Advisors LLC now owns 322,376 shares of the company’s stock valued at $10,735,000 after purchasing an additional 120,575 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the 3rd quarter worth $631,000. Strategic Blueprint LLC boosted its stake in iShares A.I. Innovation and Tech Active ETF by 70.1% in the third quarter. Strategic Blueprint LLC now owns 259,212 shares of the company’s stock valued at $8,855,000 after buying an additional 106,864 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in iShares A.I. Innovation and Tech Active ETF by 1,334.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 171,426 shares of the company’s stock valued at $5,708,000 after buying an additional 159,479 shares in the last quarter. Finally, ORG Partners LLC grew its position in iShares A.I. Innovation and Tech Active ETF by 257.8% in the third quarter. ORG Partners LLC now owns 24,952 shares of the company’s stock valued at $903,000 after acquiring an additional 17,978 shares during the last quarter.

About iShares A.I. Innovation and Tech Active ETF

The iShares A.I. Innovation and Tech Active ETF (BAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of global AI and technology equities across all market capitalizations. Holdings are selected using proprietary, fundamental research. BAI was launched on Oct 21, 2024 and is issued by BlackRock.