iShares Future AI & Tech ETF (NYSEARCA:ARTY) Share Price Cross Below 200-Day Moving Average – Time to Sell?

Shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $65.62 and traded as low as $64.13. iShares Future AI & Tech ETF shares last traded at $65.60, with a volume of 327,699 shares changing hands.

iShares Future AI & Tech ETF Stock Performance

The company has a 50-day moving average price of $73.31 and a 200-day moving average price of $65.62. The firm has a market capitalization of $3.50 billion, a P/E ratio of 21.22 and a beta of 1.57.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC bought a new position in iShares Future AI & Tech ETF during the second quarter worth about $25,000. NBT Bank N.A. acquired a new position in shares of iShares Future AI & Tech ETF during the 3rd quarter worth about $30,000. Hantz Financial Services Inc. bought a new stake in shares of iShares Future AI & Tech ETF in the 3rd quarter valued at about $34,000. Cranbrook Wealth Management LLC bought a new stake in shares of iShares Future AI & Tech ETF in the 3rd quarter valued at about $36,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of iShares Future AI & Tech ETF in the 3rd quarter valued at about $41,000.

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.