iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Reaches New 12-Month High – Time to Buy?

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $49.59 and last traded at $49.48, with a volume of 188185 shares. The stock had previously closed at $47.81.

iShares A.I. Innovation and Tech Active ETF Trading Up 4.3%

The business has a fifty day moving average of $39.95 and a 200-day moving average of $36.30. The company has a market cap of $15.48 billion, a PE ratio of 45.43 and a beta of 2.28.

Hedge Funds Weigh In On iShares A.I. Innovation and Tech Active ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. lifted its stake in iShares A.I. Innovation and Tech Active ETF by 5.4% in the fourth quarter. Financial Management Professionals Inc. now owns 5,674 shares of the company’s stock worth $189,000 after acquiring an additional 292 shares during the period. Bradley Foster & Sargent Inc. CT increased its position in iShares A.I. Innovation and Tech Active ETF by 4.5% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 6,899 shares of the company’s stock valued at $230,000 after purchasing an additional 297 shares during the period. Team Financial Group LLC raised its holdings in iShares A.I. Innovation and Tech Active ETF by 59.6% in the 4th quarter. Team Financial Group LLC now owns 964 shares of the company’s stock worth $32,000 after purchasing an additional 360 shares in the last quarter. Nemes Rush Group LLC raised its holdings in iShares A.I. Innovation and Tech Active ETF by 531.6% in the 4th quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock worth $37,000 after purchasing an additional 925 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of iShares A.I. Innovation and Tech Active ETF by 7.3% in the 1st quarter. Sound Income Strategies LLC now owns 14,156 shares of the company’s stock worth $482,000 after purchasing an additional 958 shares during the period.

iShares A.I. Innovation and Tech Active ETF Company Profile

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. BAI was launched on Oct 21, 2024 and is issued by BlackRock.