Stonebrook Private Inc. Makes New $1.57 Million Investment in iShares Future AI & Tech ETF $ARTY

Stonebrook Private Inc. purchased a new position in iShares Future AI & Tech ETF (NYSEARCA:ARTY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 32,527 shares of the company’s stock, valued at approximately $1,567,000.

Several other institutional investors have also added to or reduced their stakes in ARTY. Northwestern Mutual Wealth Management Co. boosted 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 worth $55,220,000 after acquiring an additional 1,063,439 shares in the last quarter. Hancock Prospecting Pty Ltd acquired a new stake in iShares Future AI & Tech ETF in the third quarter worth about $48,307,000. Ameriprise Financial Inc. boosted 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 worth $60,639,000 after acquiring an additional 608,816 shares in the last quarter. Assetmark Inc. boosted its holdings in iShares Future AI & Tech ETF by 1,433.3% in the fourth quarter. Assetmark Inc. now owns 631,409 shares of the company’s stock worth $30,421,000 after acquiring an additional 590,228 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of iShares Future AI & Tech ETF by 35.9% during 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 last quarter.

iShares Future AI & Tech ETF Price Performance

Shares of ARTY opened at $71.99 on Wednesday. The firm has a market capitalization of $3.33 billion, a PE ratio of 32.81 and a beta of 1.50. iShares Future AI & Tech ETF has a 1-year low of $37.78 and a 1-year high of $81.85. The company’s fifty day moving average price is $62.88 and its 200-day moving average price is $54.23.

iShares Future AI & Tech ETF 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.