iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 6,861,375 shares were traded during mid-day trading, an increase of 178% from the previous session’s volume of 2,466,873 shares.The stock last traded at $49.74 and had previously closed at $49.78.
iShares A.I. Innovation and Tech Active ETF Stock Performance
The business’s 50 day moving average price is $41.23 and its 200-day moving average price is $36.70. The firm has a market capitalization of $15.48 billion, a PE ratio of 45.43 and a beta of 2.28.
Institutional Investors Weigh In On iShares A.I. Innovation and Tech Active ETF
A number of institutional investors and hedge funds have recently made changes to their positions in BAI. JPMorgan Chase & Co. raised its stake in shares of iShares A.I. Innovation and Tech Active ETF by 89.3% in the 4th quarter. JPMorgan Chase & Co. now owns 16,235,223 shares of the company’s stock valued at $540,633,000 after acquiring an additional 7,659,120 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the 3rd quarter valued at approximately $92,637,000. NewEdge Advisors LLC raised its stake in shares of iShares A.I. Innovation and Tech Active ETF by 162.3% in the 3rd quarter. NewEdge Advisors LLC now owns 2,682,911 shares of the company’s stock valued at $91,648,000 after acquiring an additional 1,660,253 shares during the period. United Capital Financial Advisors LLC raised its stake in shares of iShares A.I. Innovation and Tech Active ETF by 157.4% in the 3rd quarter. United Capital Financial Advisors LLC now owns 1,437,706 shares of the company’s stock valued at $49,112,000 after acquiring an additional 879,220 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 14.0% in the first quarter. Janney Montgomery Scott LLC now owns 3,721,827 shares of the company’s stock valued at $122,634,000 after purchasing an additional 456,830 shares in the last quarter.
About iShares A.I. Innovation and Tech Active ETF
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.
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