Valmark Advisers Inc. Has $2.88 Million Stock Position in iShares Exponential Technologies ETF (NASDAQ:XT)

Valmark Advisers Inc. lifted its stake in shares of iShares Exponential Technologies ETF (NASDAQ:XT) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,016 shares of the company’s stock after buying an additional 3,007 shares during the period. Valmark Advisers Inc.’s holdings in iShares Exponential Technologies ETF were worth $2,875,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of iShares Exponential Technologies ETF by 40.7% during the third quarter. LPL Financial LLC now owns 677,088 shares of the company’s stock worth $35,351,000 after buying an additional 196,003 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in iShares Exponential Technologies ETF by 0.6% in the third quarter. Commonwealth Equity Services LLC now owns 401,770 shares of the company’s stock valued at $20,976,000 after purchasing an additional 2,594 shares during the period. Alpha Financial Advisors LLC increased its holdings in iShares Exponential Technologies ETF by 1.1% in the third quarter. Alpha Financial Advisors LLC now owns 342,959 shares of the company’s stock valued at $17,906,000 after purchasing an additional 3,677 shares during the period. New England Private Wealth Advisors LLC increased its holdings in iShares Exponential Technologies ETF by 3.2% in the third quarter. New England Private Wealth Advisors LLC now owns 339,630 shares of the company’s stock valued at $17,749,000 after purchasing an additional 10,472 shares during the period. Finally, Greenwood Gearhart Inc. increased its holdings in iShares Exponential Technologies ETF by 0.6% in the third quarter. Greenwood Gearhart Inc. now owns 172,543 shares of the company’s stock valued at $9,008,000 after purchasing an additional 993 shares during the period.

iShares Exponential Technologies ETF Price Performance

NASDAQ XT traded up $0.59 on Friday, reaching $56.45. The company had a trading volume of 47,341 shares, compared to its average volume of 107,592. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 23.80 and a beta of 1.02. iShares Exponential Technologies ETF has a fifty-two week low of $48.10 and a fifty-two week high of $61.47. The business has a 50 day moving average of $58.58 and a two-hundred day moving average of $56.70.

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.