Commonwealth Retirement Investments LLC Takes Position in iShares A.I. Innovation and Tech Active ETF $BAI

Commonwealth Retirement Investments LLC purchased a new stake in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 17,868 shares of the company’s stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BAI. Harbor Investment Advisory LLC bought a new stake in iShares A.I. Innovation and Tech Active ETF during the 2nd quarter worth $26,000. Global Wealth Strategies & Associates bought a new stake in iShares A.I. Innovation and Tech Active ETF during the 2nd quarter worth $995,000. Parallel Advisors LLC bought a new stake in iShares A.I. Innovation and Tech Active ETF during the 2nd quarter worth $67,000. Farther Finance Advisors LLC bought a new stake in iShares A.I. Innovation and Tech Active ETF during the 2nd quarter worth $2,083,000. Finally, AdvisorNet Financial Inc bought a new stake in iShares A.I. Innovation and Tech Active ETF during the 2nd quarter worth $26,000.

iShares A.I. Innovation and Tech Active ETF Stock Down 3.8%

Shares of BAI stock opened at $36.07 on Wednesday. The firm has a market capitalization of $7.40 billion, a P/E ratio of 45.43 and a beta of 2.60. iShares A.I. Innovation and Tech Active ETF has a twelve month low of $18.33 and a twelve month high of $38.04. The stock’s fifty day simple moving average is $34.46 and its 200 day simple moving average is $30.05.

About iShares A.I. Innovation and Tech Active ETF

The iShares A.I. Innovation and Tech Active ETF (BAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of global AI and technology equities across all market capitalizations. Holdings are selected using proprietary, fundamental research.