IFP Advisors Inc Sells 7,276 Shares of iShares Future AI & Tech ETF $ARTY

IFP Advisors Inc reduced its position in iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 18.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 32,782 shares of the company’s stock after selling 7,276 shares during the period. IFP Advisors Inc’s holdings in iShares Future AI & Tech ETF were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. bought a new position in shares of iShares Future AI & Tech ETF during the 4th quarter worth $382,000. HighTower Advisors LLC increased its holdings in iShares Future AI & Tech ETF by 29.7% in the 4th quarter. HighTower Advisors LLC now owns 255,108 shares of the company’s stock worth $12,291,000 after acquiring an additional 58,451 shares during the last quarter. Wealth Management Partners LLC raised its stake in iShares Future AI & Tech ETF by 18.8% in the 1st quarter. Wealth Management Partners LLC now owns 61,658 shares of the company’s stock valued at $2,869,000 after acquiring an additional 9,772 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in iShares Future AI & Tech ETF by 73.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,094,259 shares of the company’s stock valued at $100,901,000 after acquiring an additional 888,045 shares during the period. Finally, Cora Capital Advisors LLC raised its stake in iShares Future AI & Tech ETF by 10.7% in the 1st quarter. Cora Capital Advisors LLC now owns 88,481 shares of the company’s stock valued at $4,117,000 after acquiring an additional 8,559 shares during the period.

iShares Future AI & Tech ETF Stock Up 1.4%

ARTY opened at $75.48 on Friday. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 32.81 and a beta of 1.52. The firm has a 50-day moving average price of $71.85 and a 200-day moving average price of $65.10. iShares Future AI & Tech ETF has a twelve month low of $43.26 and a twelve month high of $81.85.

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.