Envestnet Portfolio Solutions Inc. Makes New Investment in iShares Future AI & Tech ETF $ARTY

Envestnet Portfolio Solutions Inc. bought a new position in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,928 shares of the company’s stock, valued at approximately $382,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MMA Asset Management LLC purchased a new stake in shares of iShares Future AI & Tech ETF in the 3rd quarter worth approximately $25,000. CoreCap Advisors LLC grew its stake in shares of iShares Future AI & Tech ETF by 61.8% in the 4th quarter. CoreCap Advisors LLC now owns 571 shares of the company’s stock worth $28,000 after buying an additional 218 shares during the last quarter. Howe & Rusling Inc. grew its stake in shares of iShares Future AI & Tech ETF by 525.0% in the 3rd quarter. Howe & Rusling Inc. now owns 625 shares of the company’s stock worth $29,000 after buying an additional 525 shares during the last quarter. Saranac Partners Ltd purchased a new stake in shares of iShares Future AI & Tech ETF in the 3rd quarter worth approximately $33,000. Finally, Eukles Asset Management purchased a new stake in shares of iShares Future AI & Tech ETF in the 3rd quarter worth approximately $34,000.

iShares Future AI & Tech ETF Stock Down 0.9%

iShares Future AI & Tech ETF stock opened at $71.09 on Thursday. The company has a market capitalization of $3.29 billion, a P/E ratio of 32.81 and a beta of 1.46. The stock’s 50 day moving average is $58.00 and its 200 day moving average is $52.43. iShares Future AI & Tech ETF has a twelve month low of $36.09 and a twelve month high of $72.56.

iShares Future AI & Tech ETF Profile

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.