iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sets New 52-Week High – Time to Buy?

Shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $53.67 and last traded at $53.55, with a volume of 485919 shares changing hands. The stock had previously closed at $52.31.

iShares Future AI & Tech ETF Stock Down 0.4%

The company has a 50-day simple moving average of $49.31 and a two-hundred day simple moving average of $46.66. The firm has a market cap of $2.31 billion, a PE ratio of 32.81 and a beta of 1.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARTY. SOA Wealth Advisors LLC. raised its holdings in shares of iShares Future AI & Tech ETF by 269.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 543 shares of the company’s stock worth $25,000 after purchasing an additional 396 shares during the period. MMA Asset Management LLC bought a new position in iShares Future AI & Tech ETF in the 3rd quarter worth about $25,000. Total Investment Management Inc. purchased a new position in iShares Future AI & Tech ETF during the second quarter valued at approximately $26,000. Heartwood Wealth Advisors LLC bought a new stake in iShares Future AI & Tech ETF during the third quarter valued at $27,000. Finally, CoreCap Advisors LLC lifted its position in iShares Future AI & Tech ETF by 61.8% during the fourth quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock valued at $28,000 after purchasing an additional 218 shares during the last quarter.

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.