Cetera Investment Advisers Boosts Stock Holdings in iShares Future AI & Tech ETF $ARTY

Cetera Investment Advisers raised its stake in iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 8.7% during the first quarter, Holdings Channel reports. The firm owned 157,217 shares of the company’s stock after purchasing an additional 12,626 shares during the period. Cetera Investment Advisers’ holdings in iShares Future AI & Tech ETF were worth $7,315,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Morgan Stanley increased its holdings in shares of iShares Future AI & Tech ETF by 9.9% during the 4th quarter. Morgan Stanley now owns 2,610,430 shares of the company’s stock worth $125,771,000 after buying an additional 234,478 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Future AI & Tech ETF by 73.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,094,259 shares of the company’s stock valued at $100,901,000 after acquiring an additional 888,045 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares Future AI & Tech ETF by 85.1% in the third quarter. Ameriprise Financial Inc. now owns 1,324,334 shares of the company’s stock valued at $60,639,000 after acquiring an additional 608,816 shares during the last quarter. Bank of America Corp DE grew its position in iShares Future AI & Tech ETF by 35.9% during the third quarter. Bank of America Corp DE now owns 1,155,924 shares of the company’s stock valued at $52,918,000 after acquiring an additional 305,380 shares during the period. Finally, LPL Financial LLC grew its position in iShares Future AI & Tech ETF by 13.4% during the fourth quarter. LPL Financial LLC now owns 1,112,697 shares of the company’s stock valued at $53,610,000 after acquiring an additional 131,297 shares during the period.

iShares Future AI & Tech ETF Price Performance

Shares of NYSEARCA:ARTY opened at $66.65 on Friday. The business has a 50-day moving average of $71.92 and a two-hundred day moving average of $60.28. The firm has a market capitalization of $3.49 billion, a PE ratio of 32.81 and a beta of 1.49. iShares Future AI & Tech ETF has a 12 month low of $40.56 and a 12 month high of $81.85.

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.