Park Avenue Securities LLC Buys New Position in iShares Future AI & Tech ETF $ARTY

Park Avenue Securities LLC purchased a new position in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 13,515 shares of the company’s stock, valued at approximately $1,058,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of iShares Future AI & Tech ETF by 2.5% in the first quarter. Bank of America Corp DE now owns 1,378,580 shares of the company’s stock valued at $64,145,000 after buying an additional 33,575 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares Future AI & Tech ETF by 27.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 139,001 shares of the company’s stock valued at $10,586,000 after buying an additional 29,635 shares in the last quarter. CX Institutional boosted its position in shares of iShares Future AI & Tech ETF by 7.8% during the 3rd quarter. CX Institutional now owns 121,452 shares of the company’s stock valued at $9,512,000 after acquiring an additional 8,801 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of iShares Future AI & Tech ETF by 12.2% in the first quarter. Royal Bank of Canada now owns 198,243 shares of the company’s stock valued at $9,225,000 after purchasing an additional 21,583 shares during the period. Finally, BostonPremier Wealth LLC raised its stake in iShares Future AI & Tech ETF by 0.6% during the third quarter. BostonPremier Wealth LLC now owns 97,095 shares of the company’s stock worth $7,604,000 after purchasing an additional 580 shares during the period.

iShares Future AI & Tech ETF Price Performance

iShares Future AI & Tech ETF stock opened at $66.00 on Tuesday. The firm has a 50 day simple moving average of $75.01 and a 200-day simple moving average of $65.03. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 32.81 and a beta of 1.53. iShares Future AI & Tech ETF has a 1-year low of $43.26 and a 1-year high of $81.97.

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.