Independent Financial Group LLC Takes Position in iShares Future AI & Tech ETF $ARTY

Independent Financial Group LLC purchased a new position in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 55,204 shares of the company’s stock, valued at approximately $2,569,000. Independent Financial Group LLC owned about 0.12% of iShares Future AI & Tech ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Future AI & Tech ETF by 744.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,206,214 shares of the company’s stock valued at $55,220,000 after buying an additional 1,063,439 shares during the last quarter. Hancock Prospecting Pty Ltd purchased a new position in shares of iShares Future AI & Tech ETF during the third quarter worth approximately $48,307,000. Ameriprise Financial Inc. increased its holdings in shares of iShares Future AI & Tech ETF by 85.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock valued at $60,639,000 after acquiring an additional 608,816 shares during the period. Assetmark Inc. increased its holdings in shares of iShares Future AI & Tech ETF by 1,433.3% in the 4th quarter. Assetmark Inc. now owns 631,409 shares of the company’s stock valued at $30,421,000 after acquiring an additional 590,228 shares during the period. Finally, Bank of America Corp DE raised its position in iShares Future AI & Tech ETF by 35.9% in the 3rd quarter. Bank of America Corp DE now owns 1,155,924 shares of the company’s stock valued at $52,918,000 after purchasing an additional 305,380 shares during the last quarter.

iShares Future AI & Tech ETF Price Performance

ARTY stock opened at $65.43 on Friday. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 32.81 and a beta of 1.49. The company has a fifty day moving average price of $72.03 and a 200 day moving average price of $59.09. iShares Future AI & Tech ETF has a 12 month low of $40.56 and a 12 month high of $81.85.

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.