Northwestern Mutual Wealth Management Co. Buys 888,045 Shares of iShares Future AI & Tech ETF $ARTY

Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 73.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,094,259 shares of the company’s stock after buying an additional 888,045 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 4.80% of iShares Future AI & Tech ETF worth $100,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. MMA Asset Management LLC acquired a new position in shares of iShares Future AI & Tech ETF during the third quarter worth $25,000. CoreCap Advisors LLC lifted its holdings in shares of iShares Future AI & Tech ETF by 61.8% during the fourth quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock worth $28,000 after purchasing an additional 218 shares during the period. Howe & Rusling Inc. lifted its holdings in shares of iShares Future AI & Tech ETF by 525.0% during the third quarter. Howe & Rusling Inc. now owns 625 shares of the company’s stock worth $29,000 after purchasing an additional 525 shares during the period. Saranac Partners Ltd acquired a new position in shares of iShares Future AI & Tech ETF during the third quarter worth $33,000. Finally, Eukles Asset Management acquired a new position in shares of iShares Future AI & Tech ETF during the third quarter worth $34,000.

iShares Future AI & Tech ETF Stock Performance

Shares of NYSEARCA:ARTY opened at $74.66 on Friday. The firm has a market cap of $3.45 billion, a PE ratio of 32.81 and a beta of 1.46. The firm’s fifty day moving average is $58.94 and its 200-day moving average is $52.75. iShares Future AI & Tech ETF has a 52 week low of $36.09 and a 52 week high of $74.85.

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.