Bay Harbor Wealth Management LLC raised its position in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI – Free Report) by 154.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,404 shares of the company’s stock after acquiring an additional 107,103 shares during the quarter. iShares A.I. Innovation and Tech Active ETF makes up about 1.6% of Bay Harbor Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Bay Harbor Wealth Management LLC’s holdings in iShares A.I. Innovation and Tech Active ETF were worth $6,026,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc purchased a new stake in shares of iShares A.I. Innovation and Tech Active ETF in the 2nd quarter valued at approximately $26,000. Harbor Investment Advisory LLC purchased a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the 2nd quarter worth $26,000. Parallel Advisors LLC acquired a new position in shares of iShares A.I. Innovation and Tech Active ETF during the second quarter worth $67,000. Golden State Wealth Management LLC purchased a new position in iShares A.I. Innovation and Tech Active ETF in the second quarter valued at $103,000. Finally, EverSource Wealth Advisors LLC purchased a new position in iShares A.I. Innovation and Tech Active ETF in the second quarter valued at $119,000.
iShares A.I. Innovation and Tech Active ETF Price Performance
iShares A.I. Innovation and Tech Active ETF stock opened at $32.33 on Friday. The stock has a market cap of $6.68 billion, a PE ratio of 45.43 and a beta of 2.60. The stock’s fifty day moving average is $34.75 and its two-hundred day moving average is $32.20. iShares A.I. Innovation and Tech Active ETF has a 1-year low of $18.33 and a 1-year high of $38.04.
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.
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