D.A. Davidson & CO. Takes Position in iShares Future AI & Tech ETF $ARTY

D.A. Davidson & CO. purchased a new stake in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) during the 4th quarter, Holdings Channel.com reports. The fund purchased 12,630 shares of the company’s stock, valued at approximately $609,000.

Several other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. lifted its holdings in 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 buying an additional 608,816 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Future AI & Tech ETF by 744.8% in 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. Bank of America Corp DE lifted its holdings in iShares Future AI & Tech ETF by 35.9% in 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 buying an additional 305,380 shares during the period. Hancock Prospecting Pty Ltd acquired a new position in iShares Future AI & Tech ETF in the third quarter valued at approximately $48,307,000. Finally, Wharton Business Group LLC lifted its holdings in iShares Future AI & Tech ETF by 2.4% in the third quarter. Wharton Business Group LLC now owns 989,042 shares of the company’s stock valued at $45,277,000 after buying an additional 22,740 shares during the period.

iShares Future AI & Tech ETF Price Performance

Shares of NYSEARCA ARTY opened at $63.46 on Tuesday. The company’s 50 day simple moving average is $51.96 and its 200 day simple moving average is $50.26. iShares Future AI & Tech ETF has a fifty-two week low of $33.15 and a fifty-two week high of $64.29. The firm has a market capitalization of $2.93 billion, a P/E ratio of 32.81 and a beta of 1.46.

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.