Beacon Financial Group Purchases 18,835 Shares of iShares A.I. Innovation and Tech Active ETF $BAI

Beacon Financial Group raised its position in shares of iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) by 6.3% during the first quarter, HoldingsChannel reports. The firm owned 316,823 shares of the company’s stock after purchasing an additional 18,835 shares during the period. iShares A.I. Innovation and Tech Active ETF makes up approximately 1.0% of Beacon Financial Group’s holdings, making the stock its 20th biggest holding. Beacon Financial Group’s holdings in iShares A.I. Innovation and Tech Active ETF were worth $10,439,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Team Financial Group LLC increased its position in shares of iShares A.I. Innovation and Tech Active ETF by 59.6% during the 4th quarter. Team Financial Group LLC now owns 964 shares of the company’s stock valued at $32,000 after purchasing an additional 360 shares during the last quarter. Bogart Wealth LLC purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF during the 1st quarter valued at about $32,000. Nemes Rush Group LLC lifted its position in iShares A.I. Innovation and Tech Active ETF by 531.6% in the 4th quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock worth $37,000 after buying an additional 925 shares during the last quarter. Bayban bought a new stake in iShares A.I. Innovation and Tech Active ETF in the 4th quarter worth approximately $38,000. Finally, Harbor Investment Advisory LLC boosted its stake in iShares A.I. Innovation and Tech Active ETF by 103.7% in the first quarter. Harbor Investment Advisory LLC now owns 3,536 shares of the company’s stock worth $117,000 after buying an additional 1,800 shares in the last quarter.

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

Shares of NYSEARCA BAI opened at $48.05 on Friday. The stock has a market capitalization of $14.21 billion, a P/E ratio of 45.43 and a beta of 2.26. iShares A.I. Innovation and Tech Active ETF has a one year low of $28.62 and a one year high of $54.46. The firm’s 50 day simple moving average is $48.47 and its two-hundred day simple moving average is $39.88.

iShares A.I. Innovation and Tech Active ETF Profile

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.