Valmark Advisers Inc. Makes New Investment in iShares Future AI & Tech ETF $ARTY

Valmark Advisers Inc. acquired a new position in iShares Future AI & Tech ETF (NYSEARCA:ARTY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,824 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors have also recently made changes to their positions in the company. Wharton Business Group LLC bought a new position in shares of iShares Future AI & Tech ETF in the 1st quarter worth approximately $26,806,000. LPL Financial LLC bought a new position in shares of iShares Future AI & Tech ETF in the 1st quarter worth approximately $20,241,000. Flow Traders U.S. LLC bought a new position in shares of iShares Future AI & Tech ETF in the 1st quarter worth approximately $10,974,000. Arkadios Wealth Advisors bought a new position in shares of iShares Future AI & Tech ETF in the 1st quarter worth approximately $7,670,000. Finally, Royal Bank of Canada raised its position in shares of iShares Future AI & Tech ETF by 16.9% in the 1st quarter. Royal Bank of Canada now owns 130,466 shares of the company’s stock worth $4,104,000 after acquiring an additional 18,891 shares in the last quarter.

iShares Future AI & Tech ETF Stock Performance

Shares of NYSEARCA:ARTY opened at $47.20 on Friday. iShares Future AI & Tech ETF has a 52-week low of $26.31 and a 52-week high of $49.84. The firm has a market capitalization of $1.80 billion, a P/E ratio of 32.81 and a beta of 1.17. The stock has a 50 day moving average price of $44.16 and a 200-day moving average price of $39.16.

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.