iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $49.59 and last traded at $49.48, with a volume of 188185 shares traded. The stock had previously closed at $47.81.
iShares A.I. Innovation and Tech Active ETF Stock Performance
The company’s 50-day moving average is $40.60 and its 200-day moving average is $36.50. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 45.43 and a beta of 2.28.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in iShares A.I. Innovation and Tech Active ETF by 89.3% during the 4th quarter. JPMorgan Chase & Co. now owns 16,235,223 shares of the company’s stock worth $540,633,000 after buying an additional 7,659,120 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in iShares A.I. Innovation and Tech Active ETF by 14.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,721,827 shares of the company’s stock worth $122,634,000 after buying an additional 456,830 shares in the last quarter. Bank of New York Mellon Corp lifted its position in iShares A.I. Innovation and Tech Active ETF by 10.4% during the 1st quarter. Bank of New York Mellon Corp now owns 3,198,581 shares of the company’s stock worth $105,393,000 after buying an additional 300,664 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in iShares A.I. Innovation and Tech Active ETF during the 3rd quarter worth about $92,637,000. Finally, NewEdge Advisors LLC lifted its position in iShares A.I. Innovation and Tech Active ETF by 162.3% during the 3rd quarter. NewEdge Advisors LLC now owns 2,682,911 shares of the company’s stock worth $91,648,000 after buying an additional 1,660,253 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.
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