iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Sets New 1-Year High – Should You Buy?

Shares of iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.14 and last traded at $44.78, with a volume of 3821679 shares trading hands. The stock had previously closed at $43.77.

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

The stock has a 50-day moving average of $36.44 and a 200-day moving average of $35.22. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 45.43 and a beta of 2.28.

Institutional Trading of iShares A.I. Innovation and Tech Active ETF

Several large investors have recently modified their holdings of BAI. Financial Management Professionals Inc. increased its position 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 purchasing an additional 292 shares during the period. Bradley Foster & Sargent Inc. CT lifted its position 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 worth $230,000 after purchasing an additional 297 shares during the period. Team Financial Group LLC lifted its position in iShares A.I. Innovation and Tech Active ETF by 59.6% during the fourth quarter. Team Financial Group LLC now owns 964 shares of the company’s stock worth $32,000 after purchasing an additional 360 shares during the period. Harbor Investment Advisory LLC grew its stake in iShares A.I. Innovation and Tech Active ETF by 89.5% during the third quarter. Harbor Investment Advisory LLC now owns 1,681 shares of the company’s stock worth $57,000 after buying an additional 794 shares in the last quarter. Finally, Nemes Rush Group LLC grew its stake in iShares A.I. Innovation and Tech Active ETF by 531.6% during the fourth quarter. Nemes Rush Group LLC now owns 1,099 shares of the company’s stock worth $37,000 after buying an additional 925 shares in the last quarter.

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.