391,169 Shares in iShares A.I. Innovation and Tech Active ETF $BAI Acquired by Shah Wealth Advisors LLC

Shah Wealth Advisors LLC bought a new position in shares of iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 391,169 shares of the company’s stock, valued at approximately $20,622,000. iShares A.I. Innovation and Tech Active ETF comprises about 4.8% of Shah Wealth Advisors LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other hedge funds have also bought and sold shares of the stock. Blue Edge Capital LLC purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF in the second quarter worth $15,282,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the second quarter worth $209,000. Wells Financial Advisors INC grew its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 87.0% during the second quarter. Wells Financial Advisors INC now owns 1,141 shares of the company’s stock valued at $60,000 after buying an additional 531 shares during the last quarter. Vision Retirement LLC grew its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 17.3% during the second quarter. Vision Retirement LLC now owns 16,014 shares of the company’s stock valued at $844,000 after buying an additional 2,363 shares during the last quarter. Finally, Leavell Investment Management Inc. purchased a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the second quarter valued at $561,000.

iShares A.I. Innovation and Tech Active ETF Price Performance

NYSEARCA BAI opened at $44.59 on Friday. The stock’s fifty day moving average price is $44.86 and its 200 day moving average price is $42.64. iShares A.I. Innovation and Tech Active ETF has a 1 year low of $30.82 and a 1 year high of $54.46. The company has a market cap of $13.73 billion, a price-to-earnings ratio of 45.43 and a beta of 2.38.

iShares A.I. Innovation and Tech Active ETF Company Profile

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.