iShares A.I. Innovation and Tech Active ETF $BAI Position Boosted by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. lifted its stake in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) by 11.0% in the second quarter, Holdings Channel.com reports. The firm owned 341,560 shares of the company’s stock after acquiring an additional 33,902 shares during the quarter. iShares A.I. Innovation and Tech Active ETF comprises 1.7% of Cahill Financial Advisors Inc.’s portfolio, making the stock its 16th largest holding. Cahill Financial Advisors Inc.’s holdings in iShares A.I. Innovation and Tech Active ETF were worth $18,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in BAI. EverSource Wealth Advisors LLC purchased a new position in iShares A.I. Innovation and Tech Active ETF during the second quarter valued at approximately $119,000. Redwood Investment Management LLC purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF during the 2nd quarter valued at $582,000. Imprint Wealth LLC acquired a new position in shares of iShares A.I. Innovation and Tech Active ETF in the third quarter worth $296,000. Ameriprise Financial Inc. acquired a new position in shares of iShares A.I. Innovation and Tech Active ETF in the third quarter worth $92,637,000. Finally, United Capital Financial Advisors LLC boosted its position in iShares A.I. Innovation and Tech Active ETF by 157.4% during the third quarter. United Capital Financial Advisors LLC now owns 1,437,706 shares of the company’s stock valued at $49,112,000 after purchasing an additional 879,220 shares during the last quarter.

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

Shares of BAI stock opened at $45.33 on Thursday. iShares A.I. Innovation and Tech Active ETF has a fifty-two week low of $30.82 and a fifty-two week high of $54.46. The stock’s 50-day moving average is $44.50 and its two-hundred day moving average is $42.92. The firm has a market cap of $13.96 billion, a P/E ratio of 45.43 and a beta of 2.38.

iShares A.I. Innovation and Tech Active ETF Profile

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.