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)’s share price reached a new 52-week high on Thursday . The stock 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 company has a market cap of $16.36 billion, a price-to-earnings ratio of 45.43 and a beta of 2.32. The company’s fifty day moving average price is $45.26 and its two-hundred day moving average price is $38.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BAI. Team Financial Group LLC boosted its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 59.6% in the fourth quarter. Team Financial Group LLC now owns 964 shares of the company’s stock valued at $32,000 after buying an additional 360 shares during the period. Bogart Wealth LLC acquired a new position in shares of iShares A.I. Innovation and Tech Active ETF in the first quarter valued at approximately $32,000. Nemes Rush Group LLC boosted its holdings in iShares A.I. Innovation and Tech Active ETF by 531.6% during the fourth quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock worth $37,000 after purchasing an additional 925 shares during the last quarter. Bayban acquired a new position in iShares A.I. Innovation and Tech Active ETF during the fourth quarter worth $38,000. Finally, Harbor Investment Advisory LLC boosted its holdings in iShares A.I. Innovation and Tech Active ETF by 103.7% during the first quarter. Harbor Investment Advisory LLC now owns 3,536 shares of the company’s stock worth $117,000 after purchasing an additional 1,800 shares during the last quarter.

About iShares A.I. Innovation and Tech Active ETF

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.