iShares Future AI & Tech ETF $ARTY Stake Reduced by Assetmark Inc.

Assetmark Inc. decreased its holdings in shares of iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 99.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,004 shares of the company’s stock after selling 626,405 shares during the period. Assetmark Inc.’s holdings in iShares Future AI & Tech ETF were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in ARTY. Independent Financial Group LLC acquired a new position in iShares Future AI & Tech ETF in the first quarter worth approximately $2,569,000. Sanctuary Advisors LLC lifted its holdings in shares of iShares Future AI & Tech ETF by 13.3% during the first quarter. Sanctuary Advisors LLC now owns 23,254 shares of the company’s stock valued at $1,082,000 after purchasing an additional 2,737 shares during the last quarter. Valmark Advisers Inc. acquired a new position in shares of iShares Future AI & Tech ETF in the 1st quarter valued at $259,000. Fifth Third Bancorp boosted its position in shares of iShares Future AI & Tech ETF by 491.1% in the 1st quarter. Fifth Third Bancorp now owns 8,459 shares of the company’s stock valued at $394,000 after purchasing an additional 7,028 shares during the period. Finally, Hsbc Holdings PLC increased its stake in iShares Future AI & Tech ETF by 100.0% in the 1st quarter. Hsbc Holdings PLC now owns 36,600 shares of the company’s stock worth $1,703,000 after purchasing an additional 18,300 shares in the last quarter.

iShares Future AI & Tech ETF Trading Down 0.6%

Shares of ARTY opened at $66.34 on Tuesday. The business’s 50-day moving average price is $72.10 and its 200 day moving average price is $59.94. The stock has a market capitalization of $3.47 billion, a P/E ratio of 32.81 and a beta of 1.49. iShares Future AI & Tech ETF has a 1-year low of $40.56 and a 1-year high of $81.85.

iShares Future AI & Tech ETF Company 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.