iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sets New 52-Week High – Still a Buy?

iShares Future AI & Tech ETF (NYSEARCA:ARTY) hit a new 52-week high during trading on Monday . The stock traded as high as $62.64 and last traded at $62.64, with a volume of 7519 shares traded. The stock had previously closed at $62.08.

iShares Future AI & Tech ETF Trading Down 1.8%

The company has a market cap of $2.76 billion, a price-to-earnings ratio of 32.81 and a beta of 1.28. The company has a fifty day moving average price of $51.15 and a two-hundred day moving average price of $49.90.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ARTY. SOA Wealth Advisors LLC. boosted its stake in iShares Future AI & Tech ETF by 269.4% in the third quarter. SOA Wealth Advisors LLC. now owns 543 shares of the company’s stock worth $25,000 after purchasing an additional 396 shares in the last quarter. MMA Asset Management LLC bought a new stake in iShares Future AI & Tech ETF in the third quarter valued at about $25,000. Nemes Rush Group LLC grew its stake in iShares Future AI & Tech ETF by 333.3% in the fourth quarter. Nemes Rush Group LLC now owns 533 shares of the company’s stock valued at $26,000 after acquiring an additional 410 shares during the period. CoreCap Advisors LLC grew its stake in iShares Future AI & Tech ETF by 61.8% in the fourth quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock valued at $28,000 after acquiring an additional 218 shares during the period. Finally, Howe & Rusling Inc. grew its stake in iShares Future AI & Tech ETF by 525.0% in the third quarter. Howe & Rusling Inc. now owns 625 shares of the company’s stock valued at $29,000 after acquiring an additional 525 shares during the period.

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.