iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Sets New 1-Year High – Still a Buy?

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.80 and last traded at $52.47, with a volume of 206107 shares changing hands. The stock had previously closed at $50.37.

iShares A.I. Innovation and Tech Active ETF Stock Up 4.6%

The stock has a market cap of $16.36 billion, a price-to-earnings ratio of 45.43 and a beta of 2.32. The stock’s fifty day moving average is $45.26 and its 200-day moving average is $38.13.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BAI. EverSource Wealth Advisors LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF during the second quarter valued at approximately $119,000. Redwood Investment Management LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF during the second quarter valued at approximately $582,000. JPMorgan Chase & Co. grew its holdings in iShares A.I. Innovation and Tech Active ETF by 117.8% during the third quarter. JPMorgan Chase & Co. now owns 8,576,103 shares of the company’s stock valued at $292,960,000 after purchasing an additional 4,637,810 shares during the period. Synergy Investment Management LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF during the third quarter valued at approximately $4,809,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in iShares A.I. Innovation and Tech Active ETF during the third quarter valued at approximately $306,000.

iShares A.I. Innovation and Tech Active ETF Company 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.