JPMorgan Chase & Co. Buys 7,659,120 Shares of iShares A.I. Innovation and Tech Active ETF $BAI

JPMorgan Chase & Co. boosted its stake in iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) by 89.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,235,223 shares of the company’s stock after purchasing an additional 7,659,120 shares during the quarter. JPMorgan Chase & Co. owned about 0.06% of iShares A.I. Innovation and Tech Active ETF worth $540,633,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BAI. Ameriprise Financial Inc. acquired a new stake in iShares A.I. Innovation and Tech Active ETF during the third quarter worth about $92,637,000. NewEdge Advisors LLC raised its position in shares of iShares A.I. Innovation and Tech Active ETF by 162.3% in the 3rd quarter. NewEdge Advisors LLC now owns 2,682,911 shares of the company’s stock valued at $91,648,000 after buying an additional 1,660,253 shares in the last quarter. United Capital Financial Advisors LLC lifted its holdings in shares of iShares A.I. Innovation and Tech Active ETF by 157.4% during the 3rd quarter. United Capital Financial Advisors LLC now owns 1,437,706 shares of the company’s stock worth $49,112,000 after acquiring an additional 879,220 shares during the period. Bank of New York Mellon Corp boosted its position in shares of iShares A.I. Innovation and Tech Active ETF by 13.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,897,917 shares of the company’s stock worth $96,501,000 after acquiring an additional 339,018 shares in the last quarter. Finally, Keystone Financial Group boosted its position in shares of iShares A.I. Innovation and Tech Active ETF by 2,419.3% during the 3rd quarter. Keystone Financial Group now owns 267,974 shares of the company’s stock worth $9,154,000 after acquiring an additional 257,337 shares in the last quarter.

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

Shares of NYSEARCA:BAI opened at $45.58 on Thursday. iShares A.I. Innovation and Tech Active ETF has a 1 year low of $26.61 and a 1 year high of $52.53. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 45.43 and a beta of 2.32. The company’s 50 day simple moving average is $43.66 and its 200 day simple moving average is $37.55.

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.