Valmark Advisers Inc. Buys 3,007 Shares of iShares Exponential Technologies ETF (NASDAQ:XT)

Valmark Advisers Inc. grew its holdings in iShares Exponential Technologies ETF (NASDAQ:XT) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,016 shares of the company’s stock after purchasing an additional 3,007 shares during the quarter. Valmark Advisers Inc. owned about 0.08% of iShares Exponential Technologies ETF worth $2,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in XT. OLD Second National Bank of Aurora purchased a new stake in shares of iShares Exponential Technologies ETF in the third quarter worth approximately $26,000. MV Capital Management Inc. bought a new position in shares of iShares Exponential Technologies ETF in the fourth quarter worth $40,000. Blue Trust Inc. bought a new position in shares of iShares Exponential Technologies ETF in the fourth quarter worth $75,000. Cullen Frost Bankers Inc. bought a new position in shares of iShares Exponential Technologies ETF in the third quarter worth $185,000. Finally, Safeguard Financial LLC purchased a new stake in shares of iShares Exponential Technologies ETF in the fourth quarter worth $207,000.

iShares Exponential Technologies ETF Stock Up 1.1 %

Shares of XT stock traded up $0.59 on Friday, reaching $56.45. The company’s stock had a trading volume of 47,341 shares, compared to its average volume of 107,592. The stock’s 50 day simple moving average is $58.58 and its 200-day simple moving average is $56.70. iShares Exponential Technologies ETF has a 12-month low of $48.10 and a 12-month high of $61.47. The company has a market capitalization of $3.27 billion, a P/E ratio of 23.80 and a beta of 1.02.

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.