iShares Future AI & Tech ETF $ARTY Position Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in iShares Future AI & Tech ETF (NYSEARCA:ARTY) by 37.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,300 shares of the company’s stock after selling 11,000 shares during the period. Hsbc Holdings PLC’s holdings in iShares Future AI & Tech ETF were worth $882,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Corient Private Wealth LLC raised its stake in iShares Future AI & Tech ETF by 4.2% during the fourth quarter. Corient Private Wealth LLC now owns 16,209 shares of the company’s stock valued at $781,000 after buying an additional 646 shares in the last quarter. SHP Wealth Management acquired a new position in shares of iShares Future AI & Tech ETF in the 4th quarter worth approximately $325,000. Beaird Harris Wealth Management LLC acquired a new position in shares of iShares Future AI & Tech ETF in the 4th quarter worth approximately $130,000. Strive Financial Group LLC acquired a new position in shares of iShares Future AI & Tech ETF in the 4th quarter worth approximately $46,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of iShares Future AI & Tech ETF by 6.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 35,480 shares of the company’s stock valued at $1,709,000 after acquiring an additional 2,165 shares during the last quarter.

iShares Future AI & Tech ETF Trading Up 0.4%

ARTY stock opened at $69.96 on Wednesday. The firm has a market cap of $3.66 billion, a P/E ratio of 32.81 and a beta of 1.49. iShares Future AI & Tech ETF has a 12-month low of $40.56 and a 12-month high of $81.85. The stock’s 50 day simple moving average is $72.08 and its 200 day simple moving average is $58.78.

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. ARTY was launched on Jun 26, 2018 and is issued by BlackRock.