iShares A.I. Innovation and Tech Active ETF $BAI Position Cut by Tsfg LLC

Tsfg LLC reduced its position in shares of iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) by 10.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 384,247 shares of the company’s stock after selling 43,997 shares during the period. iShares A.I. Innovation and Tech Active ETF comprises about 2.6% of Tsfg LLC’s holdings, making the stock its 7th largest holding. Tsfg LLC owned about 0.12% of iShares A.I. Innovation and Tech Active ETF worth $20,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BAI. Blue Edge Capital LLC acquired a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the second quarter valued at $15,282,000. Nations Financial Group Inc. IA ADV acquired a new position in iShares A.I. Innovation and Tech Active ETF during the 2nd quarter worth about $209,000. Wells Financial Advisors INC lifted its stake in iShares A.I. Innovation and Tech Active ETF by 87.0% during the 2nd quarter. Wells Financial Advisors INC now owns 1,141 shares of the company’s stock worth $60,000 after acquiring an additional 531 shares in the last quarter. Vision Retirement LLC boosted its holdings in iShares A.I. Innovation and Tech Active ETF by 17.3% during the 2nd quarter. Vision Retirement LLC now owns 16,014 shares of the company’s stock valued at $844,000 after acquiring an additional 2,363 shares during the period. Finally, Leavell Investment Management Inc. purchased a new position in iShares A.I. Innovation and Tech Active ETF during the 2nd quarter valued at about $561,000.

iShares A.I. Innovation and Tech Active ETF Price Performance

NYSEARCA BAI opened at $43.28 on Wednesday. The company has a market cap of $13.33 billion, a P/E ratio of 45.43 and a beta of 2.38. The stock has a 50-day moving average of $45.24 and a two-hundred day moving average of $42.51. iShares A.I. Innovation and Tech Active ETF has a 1-year low of $30.36 and a 1-year high of $54.46.

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.