Investment Firm Increases Holdings in iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) by 18.8%
Creative Financial Designs Inc. ADV Increases Holdings in iShares Robotics and Artificial Intelligence Multisector ETF
In a recent disclosure with the Securities and Exchange Commission, Creative Financial Designs Inc. ADV revealed that they have increased their holdings in iShares Robotics and Artificial Intelligence Multisector ETF by 18.8% in the 4th quarter. This move saw the firm acquire an additional 1,024 shares, bringing their total holdings to 6,463 shares valued at $223,000.
This increase in holdings is part of a larger trend, with other hedge funds and institutional investors also making changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in the ETF in the third quarter, while Ameriprise Financial Inc. saw a 248.5% increase in their position during the same period. First Horizon Advisors Inc., Baystate Wealth Management LLC, and Tsfg LLC also made significant moves in their holdings of iShares Robotics and Artificial Intelligence Multisector ETF.
The stock performance of iShares Robotics and Artificial Intelligence Multisector ETF has been strong, with an opening price of $34.60 on Friday. The ETF has a market capitalization of $505.16 million, a P/E ratio of 11.56, and a beta of 1.13. With a 1 year low of $28.23 and a high of $35.39, the ETF has shown consistent growth over the past year.
The iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is an exchange-traded fund that focuses on investing in stocks related to robotics and artificial intelligence. Launched in 2018, the fund tracks an equal-weighted index of global equities involved in these sectors and is managed by BlackRock.
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