Bank of New York Mellon Corp Boosts Stock Position in iShares A.I. Innovation and Tech Active ETF $BAI

Bank of New York Mellon Corp boosted its position in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) by 10.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,198,581 shares of the company’s stock after purchasing an additional 300,664 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares A.I. Innovation and Tech Active ETF were worth $105,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAI. Northland Securities Inc. grew its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 10.3% during the first quarter. Northland Securities Inc. now owns 37,905 shares of the company’s stock worth $1,249,000 after buying an additional 3,533 shares in the last quarter. Team Financial Group LLC raised its position in shares of iShares A.I. Innovation and Tech Active ETF by 52.7% in the first quarter. Team Financial Group LLC now owns 1,472 shares of the company’s stock valued at $48,000 after buying an additional 508 shares during the last quarter. Beacon Financial Group lifted its stake in shares of iShares A.I. Innovation and Tech Active ETF by 6.3% during the first quarter. Beacon Financial Group now owns 316,823 shares of the company’s stock valued at $10,439,000 after buying an additional 18,835 shares during the period. Sageworth Trust Co lifted its stake in shares of iShares A.I. Innovation and Tech Active ETF by 42.4% during the first quarter. Sageworth Trust Co now owns 42,278 shares of the company’s stock valued at $1,393,000 after buying an additional 12,585 shares during the period. Finally, Bogart Wealth LLC acquired a new stake in iShares A.I. Innovation and Tech Active ETF during the first quarter worth approximately $32,000.

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

BAI stock opened at $42.70 on Tuesday. The stock has a market capitalization of $12.89 billion, a P/E ratio of 45.43 and a beta of 2.26. iShares A.I. Innovation and Tech Active ETF has a one year low of $29.39 and a one year high of $54.46. The company has a 50 day moving average price of $48.42 and a two-hundred day moving average price of $40.42.

iShares A.I. Innovation and Tech Active ETF Company Profile

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.