iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sets New 12-Month High – Should You Buy?

Shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $69.14 and last traded at $68.73, with a volume of 93239 shares traded. The stock had previously closed at $68.38.

iShares Future AI & Tech ETF Trading Down 3.4%

The company has a market cap of $3.09 billion, a P/E ratio of 32.81 and a beta of 1.46. The stock’s 50-day moving average price is $53.89 and its 200-day moving average price is $51.05.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MMA Asset Management LLC acquired a new stake in shares of iShares Future AI & Tech ETF in the 3rd quarter worth about $25,000. Nemes Rush Group LLC raised its holdings in shares of 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 acquiring an additional 410 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of 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 acquiring an additional 218 shares during the last quarter. Howe & Rusling Inc. raised its holdings in shares of 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 acquiring an additional 525 shares during the last quarter. Finally, Saranac Partners Ltd acquired a new stake in shares of iShares Future AI & Tech ETF in the 3rd quarter worth about $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.