Wavvest Wealth LLC Buys 33,769 Shares of iShares A.I. Innovation and Tech Active ETF $BAI

Wavvest Wealth LLC purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 33,769 shares of the company’s stock, valued at approximately $1,594,000. iShares A.I. Innovation and Tech Active ETF accounts for approximately 1.3% of Wavvest Wealth LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in BAI. Janney Montgomery Scott LLC lifted its stake in shares of iShares A.I. Innovation and Tech Active ETF by 14.0% in the first quarter. Janney Montgomery Scott LLC now owns 3,721,827 shares of the company’s stock valued at $122,634,000 after purchasing an additional 456,830 shares during the period. Bank of New York Mellon Corp boosted its holdings in iShares A.I. Innovation and Tech Active ETF by 10.4% during the first quarter. Bank of New York Mellon Corp now owns 3,198,581 shares of the company’s stock worth $105,393,000 after buying an additional 300,664 shares in the last quarter. Shah Wealth Advisors LLC purchased a new stake in iShares A.I. Innovation and Tech Active ETF during the second quarter worth about $20,622,000. Cahill Financial Advisors Inc. grew its position in iShares A.I. Innovation and Tech Active ETF by 11.0% during the second quarter. Cahill Financial Advisors Inc. now owns 341,560 shares of the company’s stock worth $18,007,000 after buying an additional 33,902 shares during the period. Finally, Blue Edge Capital LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF during the second quarter worth about $15,282,000.

iShares A.I. Innovation and Tech Active ETF Trading Up 1.9%

Shares of BAI opened at $42.89 on Thursday. iShares A.I. Innovation and Tech Active ETF has a twelve month low of $30.82 and a twelve month high of $54.46. The firm has a market capitalization of $13.23 billion, a P/E ratio of 45.43 and a beta of 2.33. The firm’s 50-day moving average is $45.34 and its two-hundred day moving average is $45.38.

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.