iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Reaches New 52-Week High – What’s Next?

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $49.59 and last traded at $49.48, with a volume of 188185 shares trading hands. The stock had previously closed at $47.81.

iShares A.I. Innovation and Tech Active ETF Stock Up 4.3%

The stock has a market cap of $15.48 billion, a PE ratio of 45.43 and a beta of 2.28. The company has a fifty day moving average price of $39.95 and a 200 day moving average price of $36.30.

Institutional Trading of iShares A.I. Innovation and Tech Active ETF

A number of institutional investors have recently made changes to their positions in BAI. Bogart Wealth LLC bought a new position in shares of iShares A.I. Innovation and Tech Active ETF in the first quarter worth approximately $32,000. Team Financial Group LLC boosted its position in iShares A.I. Innovation and Tech Active ETF by 59.6% during the 4th quarter. Team Financial Group LLC now owns 964 shares of the company’s stock valued at $32,000 after buying an additional 360 shares during the period. Nemes Rush Group LLC boosted its position in iShares A.I. Innovation and Tech Active ETF by 531.6% during the 4th quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock valued at $37,000 after buying an additional 925 shares during the period. Bayban bought a new stake in iShares A.I. Innovation and Tech Active ETF in the 4th quarter worth $38,000. Finally, Harbor Investment Advisory LLC increased its position in shares of iShares A.I. Innovation and Tech Active ETF by 103.7% in the first quarter. Harbor Investment Advisory LLC now owns 3,536 shares of the company’s stock valued at $117,000 after acquiring an additional 1,800 shares during the period.

iShares A.I. Innovation and Tech Active ETF Company Profile

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.