Janney Montgomery Scott LLC Sells 14,543 Shares of iShares Future AI & Tech ETF $ARTY

Janney Montgomery Scott LLC trimmed its holdings in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 44.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,078 shares of the company’s stock after selling 14,543 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares Future AI & Tech ETF were worth $841,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ARTY. Royal Bank of Canada grew its position in shares of iShares Future AI & Tech ETF by 16.9% during the 1st quarter. Royal Bank of Canada now owns 130,466 shares of the company’s stock worth $4,104,000 after purchasing an additional 18,891 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of iShares Future AI & Tech ETF during the first quarter worth approximately $52,000. Jane Street Group LLC acquired a new stake in shares of iShares Future AI & Tech ETF in the first quarter valued at approximately $1,478,000. Franklin Resources Inc. acquired a new stake in shares of iShares Future AI & Tech ETF in the second quarter valued at approximately $53,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of iShares Future AI & Tech ETF in the second quarter valued at approximately $92,000.

iShares Future AI & Tech ETF Trading Down 3.9%

Shares of ARTY stock opened at $69.65 on Tuesday. The stock has a market cap of $3.65 billion, a P/E ratio of 32.81 and a beta of 1.49. iShares Future AI & Tech ETF has a 1 year low of $40.56 and a 1 year high of $81.85. The stock has a 50 day simple moving average of $71.98 and a 200 day simple moving average of $58.63.

About iShares Future AI & Tech ETF

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.