Valmark Advisers Inc. Raises Stock Position in iShares Exponential Technologies ETF (NASDAQ:XT)

Valmark Advisers Inc. grew its stake in shares of iShares Exponential Technologies ETF (NASDAQ:XT) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,018 shares of the company’s stock after purchasing an additional 3,185 shares during the quarter. Valmark Advisers Inc. owned 0.10% of iShares Exponential Technologies ETF worth $3,593,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Strategic Financial Concepts LLC bought a new stake in shares of iShares Exponential Technologies ETF in the 2nd quarter worth approximately $65,000. Forum Financial Management LP acquired a new stake in iShares Exponential Technologies ETF in the 1st quarter valued at about $3,696,000. Stratos Wealth Advisors LLC boosted its position in shares of iShares Exponential Technologies ETF by 37.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 205,810 shares of the company’s stock valued at $12,530,000 after purchasing an additional 56,514 shares in the last quarter. Clearwater Capital Advisors LLC grew its stake in shares of iShares Exponential Technologies ETF by 58.5% in the 2nd quarter. Clearwater Capital Advisors LLC now owns 99,520 shares of the company’s stock worth $5,855,000 after purchasing an additional 36,734 shares during the last quarter. Finally, Sweeney & Michel LLC bought a new stake in shares of iShares Exponential Technologies ETF in the 1st quarter worth approximately $2,139,000.

iShares Exponential Technologies ETF Price Performance

Shares of XT traded up $0.22 during trading hours on Tuesday, hitting $60.72. 39,519 shares of the company were exchanged, compared to its average volume of 103,014. The firm has a fifty day simple moving average of $59.61 and a 200-day simple moving average of $58.70. The company has a market capitalization of $3.49 billion, a PE ratio of 23.27 and a beta of 1.02. iShares Exponential Technologies ETF has a one year low of $48.11 and a one year high of $61.60.

iShares Exponential Technologies ETF Profile

The iShares Exponential Technologies ETF (XT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index that provides exposure to firms from developed and emerging markets, which create or use exponential technologies as defined by Morningstar.