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

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

iShares Future AI & Tech ETF Stock Up 1.1 %

The stock’s fifty day moving average is $36.78 and its two-hundred day moving average is $36.50. The firm has a market capitalization of $773.94 million, a price-to-earnings 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 modified their holdings of the company. Vermillion Wealth Management Inc. bought a new position in iShares Future AI & Tech ETF during the fourth quarter worth $39,000. Continuum Advisory LLC acquired a new stake in shares of iShares Future AI & Tech ETF during the 4th quarter worth about $44,000. Sunbelt Securities Inc. bought a new stake in shares of iShares Future AI & Tech ETF during the 4th quarter worth about $76,000. WCG Wealth Advisors LLC bought a new stake in shares of iShares Future AI & Tech ETF during the 4th quarter worth about $461,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in iShares Future AI & Tech ETF in the 1st quarter valued at about $398,000.

About iShares Future AI & Tech ETF

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.