iShares Future AI & Tech ETF (NYSEARCA:ARTY) Reaches New 52-Week High – Time to Buy?

iShares Future AI & Tech ETF (NYSEARCA:ARTY)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as $81.97 and last traded at $81.3980, with a volume of 109850 shares trading hands. The stock had previously closed at $80.80.

iShares Future AI & Tech ETF Stock Down 0.8%

The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 32.81 and a beta of 1.53. The stock has a 50 day simple moving average of $75.24 and a 200 day simple moving average of $68.76.

Institutional Trading of iShares Future AI & Tech ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ARTY. Riverbend Wealth Management LLC raised its stake in shares of iShares Future AI & Tech ETF by 4.2% during the 1st quarter. Riverbend Wealth Management LLC now owns 4,416 shares of the company’s stock worth $205,000 after purchasing an additional 179 shares during the period. Blue Trust Inc. raised its holdings in shares of iShares Future AI & Tech ETF by 43.3% in the 1st quarter. Blue Trust Inc. now owns 725 shares of the company’s stock worth $34,000 after purchasing an additional 219 shares during the period. AdvisorNet Financial Inc lifted its stake in iShares Future AI & Tech ETF by 23.1% in the first quarter. AdvisorNet Financial Inc now owns 1,281 shares of the company’s stock valued at $60,000 after purchasing an additional 240 shares during the last quarter. Strengthening Families & Communities LLC lifted its stake in iShares Future AI & Tech ETF by 89.9% in the second quarter. Strengthening Families & Communities LLC now owns 566 shares of the company’s stock valued at $43,000 after purchasing an additional 268 shares during the last quarter. Finally, Compass Financial Management LLC bought a new position in iShares Future AI & Tech ETF during the second quarter valued at $25,000.

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.