Avestar Capital LLC Takes $2.09 Million Position in iShares Future AI & Tech ETF $ARTY

Avestar Capital LLC purchased a new position in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 45,600 shares of the company’s stock, valued at approximately $2,088,000. Avestar Capital LLC owned approximately 0.11% of iShares Future AI & Tech ETF at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ARTY. Royal Bank of Canada increased its position in shares of iShares Future AI & Tech ETF by 16.9% during the first 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 purchased a new position in iShares Future AI & Tech ETF during the 1st quarter worth approximately $52,000. Jane Street Group LLC acquired a new position in iShares Future AI & Tech ETF during the first quarter worth approximately $1,478,000. Chicago Partners Investment Group LLC purchased a new stake in iShares Future AI & Tech ETF in the second quarter valued at approximately $245,000. Finally, Brookstone Capital Management lifted its stake in iShares Future AI & Tech ETF by 17.8% in the second quarter. Brookstone Capital Management now owns 39,246 shares of the company’s stock valued at $1,609,000 after buying an additional 5,942 shares during the last quarter.

iShares Future AI & Tech ETF Trading Up 1.2%

Shares of ARTY opened at $51.20 on Thursday. The firm has a market cap of $2.23 billion, a PE ratio of 32.81 and a beta of 1.20. The company’s 50 day simple moving average is $50.13 and its 200-day simple moving average is $47.49. iShares Future AI & Tech ETF has a 12-month low of $26.31 and a 12-month high of $54.79.

iShares Future AI & Tech ETF Company 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.