iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Large Volume Increase – Here’s What Happened

Shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw unusually-strong trading volume on Thursday . Approximately 237,604 shares were traded during trading, an increase of 24% from the previous session’s volume of 191,345 shares.The stock last traded at $30.47 and had previously closed at $32.22.

iShares Future AI & Tech ETF Stock Performance

The company’s 50 day moving average price is $36.14 and its 200-day moving average price is $36.39. The stock has a market cap of $677.83 million, a P/E ratio of 31.44 and a beta of 1.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vermillion Wealth Management Inc. bought a new position in iShares Future AI & Tech ETF in the 4th quarter worth about $39,000. Continuum Advisory LLC purchased a new position in iShares Future AI & Tech ETF in the fourth quarter worth $44,000. Sunbelt Securities Inc. purchased a new position in shares of iShares Future AI & Tech ETF in the 4th quarter worth about $76,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of iShares Future AI & Tech ETF during the 1st quarter valued at about $398,000. Finally, WCG Wealth Advisors LLC bought a new stake in iShares Future AI & Tech ETF in the 4th quarter worth approximately $461,000.

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.