iShares Future AI & Tech ETF (NYSEARCA:ARTY) Hits New 52-Week Low – Time to Sell?

iShares Future AI & Tech ETF (NYSEARCA:ARTY) hit a new 52-week low on Monday . The company traded as low as $30.04 and last traded at $30.80, with a volume of 1145 shares traded. The stock had previously closed at $31.74.

iShares Future AI & Tech ETF Stock Up 1.1 %

The company has a fifty day simple moving average of $36.78 and a two-hundred day simple moving average of $36.50. The stock has a market capitalization of $773.94 million, a P/E ratio of 31.44 and a beta of 1.12.

Institutional Investors Weigh In On iShares Future AI & Tech ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ARTY. Vermillion Wealth Management Inc. acquired a new position in iShares Future AI & Tech ETF during the 4th quarter worth approximately $39,000. Continuum Advisory LLC acquired a new stake in iShares Future AI & Tech ETF in the 4th quarter valued at $44,000. Sunbelt Securities Inc. bought a new stake in iShares Future AI & Tech ETF during the 4th quarter worth about $76,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of iShares Future AI & Tech ETF during the 1st quarter worth about $398,000. Finally, WCG Wealth Advisors LLC bought a new position in shares of iShares Future AI & Tech ETF in the 4th quarter valued at about $461,000.

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.