9,488 Shares in iShares Future AI & Tech ETF $ARTY Purchased by Old Peak Finance LLC

Old Peak Finance LLC bought a new position in iShares Future AI & Tech ETF (NYSEARCA:ARTY) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,488 shares of the company’s stock, valued at approximately $457,000.

A number of other hedge funds have also added to or reduced their stakes in ARTY. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Future AI & Tech ETF by 744.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,206,214 shares of the company’s stock valued at $55,220,000 after buying an additional 1,063,439 shares during the period. Hancock Prospecting Pty Ltd bought a new position in shares of iShares Future AI & Tech ETF in the third quarter valued at approximately $48,307,000. Ameriprise Financial Inc. boosted its position in shares of iShares Future AI & Tech ETF by 85.1% in the third 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 period. Assetmark Inc. grew its stake in iShares Future AI & Tech ETF by 1,433.3% during the fourth quarter. Assetmark Inc. now owns 631,409 shares of the company’s stock valued at $30,421,000 after acquiring an additional 590,228 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in iShares Future AI & Tech ETF by 35.9% during the third 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 in the last quarter.

iShares Future AI & Tech ETF Trading Up 4.5%

iShares Future AI & Tech ETF stock opened at $78.05 on Tuesday. iShares Future AI & Tech ETF has a 1-year low of $36.42 and a 1-year high of $78.73. The firm has a market capitalization of $3.61 billion, a PE ratio of 32.81 and a beta of 1.46. The firm’s 50 day simple moving average is $59.50 and its 200 day simple moving average is $52.99.

About iShares Future AI & Tech ETF

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.