Northwestern Mutual Wealth Management Co. Acquires 888,045 Shares of iShares Future AI & Tech ETF $ARTY

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 73.6% in the 4th quarter, HoldingsChannel reports. The fund owned 2,094,259 shares of the company’s stock after purchasing an additional 888,045 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Future AI & Tech ETF were worth $100,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MMA Asset Management LLC bought a new stake in shares of iShares Future AI & Tech ETF during the third quarter worth about $25,000. CoreCap Advisors LLC increased its position in shares of iShares Future AI & Tech ETF by 61.8% during the fourth quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock worth $28,000 after acquiring an additional 218 shares in the last quarter. Howe & Rusling Inc. increased its position in shares of iShares Future AI & Tech ETF by 525.0% during the third quarter. Howe & Rusling Inc. now owns 625 shares of the company’s stock worth $29,000 after acquiring an additional 525 shares in the last quarter. Saranac Partners Ltd bought a new stake in iShares Future AI & Tech ETF in the 3rd quarter worth about $33,000. Finally, Eukles Asset Management bought a new stake in iShares Future AI & Tech ETF in the 3rd quarter worth about $34,000.

iShares Future AI & Tech ETF Stock Performance

Shares of ARTY stock opened at $74.66 on Friday. iShares Future AI & Tech ETF has a 52-week low of $36.09 and a 52-week high of $74.85. The company has a 50-day simple moving average of $58.94 and a two-hundred day simple moving average of $52.75. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 32.81 and a beta of 1.46.

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. ARTY was launched on Jun 26, 2018 and is issued by BlackRock.