JPMorgan Chase & Co. Has $540.63 Million Stock Position in iShares A.I. Innovation and Tech Active ETF $BAI

JPMorgan Chase & Co. grew its holdings in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) by 89.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,235,223 shares of the company’s stock after acquiring an additional 7,659,120 shares during the quarter. JPMorgan Chase & Co. owned 6.49% of iShares A.I. Innovation and Tech Active ETF worth $540,633,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BAI. Ameriprise Financial Inc. acquired a new stake in iShares A.I. Innovation and Tech Active ETF in the 3rd quarter worth about $92,637,000. NewEdge Advisors LLC boosted its holdings in iShares A.I. Innovation and Tech Active ETF by 162.3% in the 3rd quarter. NewEdge Advisors LLC now owns 2,682,911 shares of the company’s stock valued at $91,648,000 after purchasing an additional 1,660,253 shares during the period. United Capital Financial Advisors LLC grew its position in shares of iShares A.I. Innovation and Tech Active ETF by 157.4% during the 3rd quarter. United Capital Financial Advisors LLC now owns 1,437,706 shares of the company’s stock worth $49,112,000 after purchasing an additional 879,220 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of iShares A.I. Innovation and Tech Active ETF by 13.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,897,917 shares of the company’s stock worth $96,501,000 after purchasing an additional 339,018 shares in the last quarter. Finally, Keystone Financial Group increased its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 2,419.3% during the third quarter. Keystone Financial Group now owns 267,974 shares of the company’s stock worth $9,154,000 after purchasing an additional 257,337 shares during the period.

iShares A.I. Innovation and Tech Active ETF Trading Down 2.6%

NYSEARCA BAI opened at $45.58 on Thursday. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 45.43 and a beta of 2.32. The company has a 50 day moving average of $43.66 and a 200-day moving average of $37.55. iShares A.I. Innovation and Tech Active ETF has a 1-year low of $26.61 and a 1-year high of $52.53.

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