iShares Future AI & Tech ETF (NYSEARCA:ARTY) Sees Strong Trading Volume – What’s Next?

iShares Future AI & Tech ETF (NYSEARCA:ARTY) saw unusually-high trading volume on Wednesday . Approximately 367,919 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 337,146 shares.The stock last traded at $33.77 and had previously closed at $34.65.

iShares Future AI & Tech ETF Stock Performance

The stock has a market cap of $822.50 million, a price-to-earnings ratio of 31.44 and a beta of 1.12. The company has a 50 day moving average of $37.43 and a 200-day moving average of $36.50.

Hedge Funds Weigh In On iShares Future AI & Tech ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vermillion Wealth Management Inc. purchased a new position in iShares Future AI & Tech ETF in the fourth quarter worth approximately $39,000. Continuum Advisory LLC purchased a new stake in shares of iShares Future AI & Tech ETF during the 4th quarter worth $44,000. Sunbelt Securities Inc. acquired a new position in shares of iShares Future AI & Tech ETF during the fourth quarter worth $76,000. WCG Wealth Advisors LLC purchased a new position in iShares Future AI & Tech ETF in the fourth quarter valued at $461,000. Finally, Wolf Group Capital Advisors acquired a new stake in iShares Future AI & Tech ETF in the fourth quarter valued at $484,000.

About iShares Future AI & Tech ETF

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.