iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sets New 1-Year Low – What’s Next?

iShares Future AI & Tech ETF (NYSEARCA:ARTY) hit a new 52-week low during trading on Monday . The stock traded as low as $30.04 and last traded at $30.80, with a volume of 1145 shares traded. The stock had previously closed at $31.74.

iShares Future AI & Tech ETF Stock Down 2.4 %

The stock’s fifty day simple moving average is $37.08 and its 200-day simple moving average is $36.52. The company has a market capitalization of $753.87 million, a PE ratio of 31.44 and a beta of 1.12.

Institutional Investors Weigh In On iShares Future AI & Tech ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of iShares Future AI & Tech ETF during the 4th quarter worth $1,383,000. Sunbelt Securities Inc. purchased a new position in shares of iShares Future AI & Tech ETF during the 4th quarter worth about $76,000. Vermillion Wealth Management Inc. acquired a new position in iShares Future AI & Tech ETF during the fourth quarter worth approximately $39,000. H&H Retirement Design & Management INC acquired a new stake in shares of iShares Future AI & Tech ETF during the 4th quarter worth $1,044,000. Finally, WCG Wealth Advisors LLC purchased a new position in shares of iShares Future AI & Tech ETF in the 4th quarter worth $461,000.

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.