iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Strong Trading Volume – Time to Buy?

Shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw an uptick in trading volume on Tuesday . 169,628 shares changed hands during trading, a decline of 4% from the previous session’s volume of 177,185 shares.The stock last traded at $33.18 and had previously closed at $32.73.

iShares Future AI & Tech ETF Stock Up 1.7 %

The firm has a market capitalization of $781.79 million, a price-to-earnings ratio of 39.97 and a beta of 1.12. The company’s fifty day moving average is $38.15 and its two-hundred day moving average is $36.44.

Institutional Investors Weigh In On iShares Future AI & Tech ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. H&H Retirement Design & Management INC acquired a new position in shares of iShares Future AI & Tech ETF during the 4th quarter worth about $1,044,000. Vermillion Wealth Management Inc. acquired a new position in iShares Future AI & Tech ETF during the fourth quarter valued at approximately $39,000. WCG Wealth Advisors LLC acquired a new position in iShares Future AI & Tech ETF during the fourth quarter valued at approximately $461,000. Sunbelt Securities Inc. acquired a new stake in iShares Future AI & Tech ETF in the fourth quarter worth $76,000. Finally, GTS Securities LLC bought a new position in shares of iShares Future AI & Tech ETF during the fourth quarter worth $2,407,000.

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.