Hsbc Holdings PLC Reduces Stock Position in iShares Future AI & Tech ETF $ARTY

Hsbc Holdings PLC decreased its position in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 37.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,300 shares of the company’s stock after selling 11,000 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares Future AI & Tech ETF were worth $882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ARTY. Royal Bank of Canada lifted its holdings in shares of iShares Future AI & Tech ETF by 16.9% in the first quarter. Royal Bank of Canada now owns 130,466 shares of the company’s stock valued at $4,104,000 after purchasing an additional 18,891 shares in the last quarter. NewEdge Advisors LLC purchased a new position in iShares Future AI & Tech ETF during the first quarter worth $52,000. Jane Street Group LLC acquired a new position in shares of iShares Future AI & Tech ETF in the first quarter worth $1,478,000. Franklin Resources Inc. purchased a new stake in shares of iShares Future AI & Tech ETF in the second quarter valued at $53,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of iShares Future AI & Tech ETF in the second quarter valued at $92,000.

iShares Future AI & Tech ETF Price Performance

iShares Future AI & Tech ETF stock opened at $69.96 on Wednesday. iShares Future AI & Tech ETF has a 12-month low of $40.56 and a 12-month high of $81.85. The stock has a market capitalization of $3.66 billion, a P/E ratio of 32.81 and a beta of 1.49. The firm’s 50-day moving average is $72.08 and its two-hundred day moving average is $58.78.

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.