Beacon Financial Group Buys 18,835 Shares of iShares A.I. Innovation and Tech Active ETF $BAI

Beacon Financial Group increased its stake in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 316,823 shares of the company’s stock after purchasing an additional 18,835 shares during the quarter. iShares A.I. Innovation and Tech Active ETF comprises about 1.0% of Beacon Financial Group’s holdings, making the stock its 20th largest position. Beacon Financial Group owned 0.10% of iShares A.I. Innovation and Tech Active ETF worth $10,439,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 5.4% in the fourth quarter. Financial Management Professionals Inc. now owns 5,674 shares of the company’s stock worth $189,000 after buying an additional 292 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in iShares A.I. Innovation and Tech Active ETF by 4.5% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 6,899 shares of the company’s stock valued at $230,000 after acquiring an additional 297 shares in the last quarter. Team Financial Group LLC increased its holdings in iShares A.I. Innovation and Tech Active ETF by 59.6% during the 4th quarter. Team Financial Group LLC now owns 964 shares of the company’s stock worth $32,000 after acquiring an additional 360 shares during the period. Nemes Rush Group LLC increased its holdings in iShares A.I. Innovation and Tech Active ETF by 531.6% during the 4th quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock worth $37,000 after acquiring an additional 925 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in iShares A.I. Innovation and Tech Active ETF by 7.3% in the 1st quarter. Sound Income Strategies LLC now owns 14,156 shares of the company’s stock worth $482,000 after purchasing an additional 958 shares in the last quarter.

iShares A.I. Innovation and Tech Active ETF Price Performance

Shares of NYSEARCA:BAI opened at $48.05 on Friday. The company has a market cap of $14.21 billion, a price-to-earnings ratio of 45.43 and a beta of 2.26. iShares A.I. Innovation and Tech Active ETF has a one year low of $28.62 and a one year high of $54.46. The firm has a fifty day moving average price of $48.47 and a two-hundred day moving average price of $39.88.

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.