Steelhead Wealth Management LLC Acquires New Stake in iShares Future AI & Tech ETF $ARTY

Steelhead Wealth Management LLC bought a new position in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 57,693 shares of the company’s stock, valued at approximately $2,684,000. iShares Future AI & Tech ETF makes up approximately 1.4% of Steelhead Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in ARTY. Northwestern Mutual Wealth Management Co. boosted its stake in iShares Future AI & Tech ETF by 744.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,206,214 shares of the company’s stock valued at $55,220,000 after purchasing an additional 1,063,439 shares in the last quarter. Hancock Prospecting Pty Ltd acquired a new position in shares of iShares Future AI & Tech ETF during the 3rd quarter valued at $48,307,000. Ameriprise Financial Inc. raised its stake in shares of iShares Future AI & Tech ETF by 85.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock worth $60,639,000 after buying an additional 608,816 shares in the last quarter. Assetmark Inc. raised its stake in shares of iShares Future AI & Tech ETF by 1,433.3% in the 4th quarter. Assetmark Inc. now owns 631,409 shares of the company’s stock worth $30,421,000 after buying an additional 590,228 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of iShares Future AI & Tech ETF by 35.9% in the third quarter. Bank of America Corp DE now owns 1,155,924 shares of the company’s stock valued at $52,918,000 after buying an additional 305,380 shares during the period.

iShares Future AI & Tech ETF Price Performance

Shares of ARTY stock opened at $66.65 on Monday. The stock has a 50-day simple moving average of $71.92 and a 200 day simple moving average of $60.35. iShares Future AI & Tech ETF has a fifty-two week low of $40.56 and a fifty-two week high of $81.85. The stock has a market capitalization of $3.49 billion, a P/E ratio of 32.81 and a beta of 1.49.

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.