iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Large Volume Increase – Should You Buy?

iShares Future AI & Tech ETF (NYSEARCA:ARTY) shares saw unusually-high trading volume on Wednesday . Approximately 367,919 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 337,146 shares.The stock last traded at $33.77 and had previously closed at $34.65.

iShares Future AI & Tech ETF Stock Down 2.4 %

The firm has a market capitalization of $822.50 million, a PE ratio of 31.44 and a beta of 1.12. The business’s 50-day moving average price is $37.43 and its 200-day moving average price is $36.50.

Institutional Trading of iShares Future AI & Tech ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new position in shares of iShares Future AI & Tech ETF during the 4th quarter worth $39,000. Continuum Advisory LLC acquired a new position in iShares Future AI & Tech ETF during the fourth quarter worth $44,000. Sunbelt Securities Inc. bought a new position in iShares Future AI & Tech ETF during the fourth quarter valued at about $76,000. WCG Wealth Advisors LLC acquired a new stake in shares of iShares Future AI & Tech ETF in the fourth quarter worth about $461,000. Finally, Wolf Group Capital Advisors bought a new stake in shares of iShares Future AI & Tech ETF during the 4th quarter worth about $484,000.

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.