iShares Future AI & Tech ETF (NYSEARCA:ARTY) Reaches New 12-Month High – Still a Buy?

iShares Future AI & Tech ETF (NYSEARCA:ARTY) hit a new 52-week high on Monday . The company traded as high as $51.63 and last traded at $51.5320, with a volume of 3035 shares. The stock had previously closed at $51.11.

iShares Future AI & Tech ETF Stock Up 0.3%

The company has a market cap of $2.02 billion, a P/E ratio of 32.81 and a beta of 1.20. The stock has a 50 day moving average price of $46.18 and a two-hundred day moving average price of $41.31.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

A number of large investors have recently made changes to their positions in ARTY. Cambridge Investment Research Advisors Inc. increased its stake in shares of iShares Future AI & Tech ETF by 2.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,611 shares of the company’s stock worth $743,000 after purchasing an additional 673 shares during the period. First Horizon Advisors Inc. bought a new position in iShares Future AI & Tech ETF during the 1st quarter worth $272,000. OneDigital Investment Advisors LLC bought a new position in iShares Future AI & Tech ETF during the 1st quarter worth $907,000. Capital Investment Advisory Services LLC bought a new position in iShares Future AI & Tech ETF during the 1st quarter worth $26,000. Finally, World Investment Advisors bought a new position in iShares Future AI & Tech ETF during the 1st quarter worth $318,000.

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.