iShares Future AI & Tech ETF (NYSEARCA:ARTY) Hits New 1-Year Low – Here’s What Happened

iShares Future AI & Tech ETF (NYSEARCA:ARTY)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $26.31 and last traded at $26.46, with a volume of 266013 shares trading hands. The stock had previously closed at $27.86.

iShares Future AI & Tech ETF Price Performance

The firm has a market cap of $769.09 million, a P/E ratio of 32.59 and a beta of 1.17. The company’s 50-day simple moving average is $35.55 and its 200 day simple moving average is $36.31.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ARTY. GTS Securities LLC bought a new stake in iShares Future AI & Tech ETF during the fourth quarter worth approximately $2,407,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of iShares Future AI & Tech ETF in the 4th quarter worth approximately $1,383,000. H&H Retirement Design & Management INC bought a new position in shares of iShares Future AI & Tech ETF during the 4th quarter valued at approximately $1,044,000. Wolf Group Capital Advisors purchased a new stake in iShares Future AI & Tech ETF during the 4th quarter valued at $484,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in iShares Future AI & Tech ETF in the first quarter worth $398,000.

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.