Wharton Business Group LLC Trims Stock Holdings in iShares Future AI & Tech ETF $ARTY

Wharton Business Group LLC trimmed its position in iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 954,682 shares of the company’s stock after selling 34,360 shares during the period. iShares Future AI & Tech ETF accounts for 1.7% of Wharton Business Group LLC’s portfolio, making the stock its 18th biggest position. Wharton Business Group LLC’s holdings in iShares Future AI & Tech ETF were worth $45,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARTY. MMA Asset Management LLC purchased a new stake in iShares Future AI & Tech ETF in the third quarter worth $25,000. CoreCap Advisors LLC grew its stake in shares of iShares Future AI & Tech ETF by 61.8% in the fourth quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock worth $28,000 after acquiring an additional 218 shares during the last quarter. Howe & Rusling Inc. grew its stake in shares of iShares Future AI & Tech ETF by 525.0% in the third quarter. Howe & Rusling Inc. now owns 625 shares of the company’s stock worth $29,000 after acquiring an additional 525 shares during the last quarter. Saranac Partners Ltd purchased a new stake in shares of iShares Future AI & Tech ETF in the third quarter worth $33,000. Finally, Eukles Asset Management purchased a new stake in shares of iShares Future AI & Tech ETF in the third quarter worth $34,000.

iShares Future AI & Tech ETF Trading Down 9.9%

NYSEARCA ARTY opened at $70.63 on Friday. iShares Future AI & Tech ETF has a 12 month low of $37.78 and a 12 month high of $81.85. The stock has a market cap of $3.26 billion, a P/E ratio of 32.81 and a beta of 1.50. The stock’s fifty day moving average price is $61.81 and its 200-day moving average price is $53.79.

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.