Hsbc Holdings PLC Raises Holdings in iShares Future AI & Tech ETF $ARTY

Hsbc Holdings PLC grew its holdings in iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 100.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,600 shares of the company’s stock after purchasing an additional 18,300 shares during the period. Hsbc Holdings PLC’s holdings in iShares Future AI & Tech ETF were worth $1,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kestra Advisory Services LLC lifted its holdings in shares of iShares Future AI & Tech ETF by 50.3% during the first quarter. Kestra Advisory Services LLC now owns 94,027 shares of the company’s stock valued at $4,375,000 after purchasing an additional 31,482 shares in the last quarter. Astoria Portfolio Advisors LLC. bought a new stake in iShares Future AI & Tech ETF in the 1st quarter worth about $173,000. HB Wealth Management LLC raised its position in iShares Future AI & Tech ETF by 13.5% in the 1st quarter. HB Wealth Management LLC now owns 10,525 shares of the company’s stock worth $490,000 after buying an additional 1,249 shares during the last quarter. Moran Wealth Management LLC raised its position in iShares Future AI & Tech ETF by 22.6% in the 1st quarter. Moran Wealth Management LLC now owns 45,767 shares of the company’s stock worth $2,130,000 after buying an additional 8,441 shares during the last quarter. Finally, World Investment Advisors raised its position in iShares Future AI & Tech ETF by 3.8% in the 1st quarter. World Investment Advisors now owns 23,745 shares of the company’s stock worth $1,105,000 after buying an additional 871 shares during the last quarter.

iShares Future AI & Tech ETF Stock Performance

ARTY opened at $66.71 on Monday. The company’s 50-day simple moving average is $72.06 and its two-hundred day simple moving average is $59.84. The stock has a market capitalization of $3.49 billion, a P/E ratio of 32.81 and a beta of 1.49. iShares Future AI & Tech ETF has a 52-week low of $40.56 and a 52-week 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.