IFP Advisors Inc Cuts Holdings in iShares Future AI & Tech ETF $ARTY

IFP Advisors Inc decreased its position in iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,782 shares of the company’s stock after selling 7,276 shares during the period. IFP Advisors Inc owned 0.06% of iShares Future AI & Tech ETF worth $2,497,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ARTY. Envestnet Portfolio Solutions Inc. purchased a new position in iShares Future AI & Tech ETF in the fourth quarter worth $382,000. HighTower Advisors LLC increased its position in shares of iShares Future AI & Tech ETF by 29.7% during the 4th quarter. HighTower Advisors LLC now owns 255,108 shares of the company’s stock valued at $12,291,000 after purchasing an additional 58,451 shares during the last quarter. Wealth Management Partners LLC increased its position in shares of iShares Future AI & Tech ETF by 18.8% during the 1st quarter. Wealth Management Partners LLC now owns 61,658 shares of the company’s stock valued at $2,869,000 after purchasing an additional 9,772 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Future AI & Tech ETF by 73.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,094,259 shares of the company’s stock worth $100,901,000 after purchasing an additional 888,045 shares during the period. Finally, Cora Capital Advisors LLC raised its stake in shares of iShares Future AI & Tech ETF by 10.7% during the 1st quarter. Cora Capital Advisors LLC now owns 88,481 shares of the company’s stock worth $4,117,000 after purchasing an additional 8,559 shares during the period.

iShares Future AI & Tech ETF Stock Performance

Shares of NYSEARCA:ARTY opened at $75.48 on Friday. The company’s 50-day moving average is $71.85 and its 200 day moving average is $65.10. The company has a market capitalization of $3.95 billion, a P/E ratio of 32.81 and a beta of 1.52. iShares Future AI & Tech ETF has a fifty-two week low of $43.26 and a fifty-two week high of $81.85.

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.