Archford Capital Strategies LLC Lowers Stock Position in iShares Exponential Technologies ETF (NASDAQ:XT)

Archford Capital Strategies LLC cut its stake in shares of iShares Exponential Technologies ETF (NASDAQ:XT) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 112,905 shares of the company’s stock after selling 4,060 shares during the quarter. iShares Exponential Technologies ETF comprises about 1.0% of Archford Capital Strategies LLC’s investment portfolio, making the stock its 26th largest position. Archford Capital Strategies LLC owned approximately 0.21% of iShares Exponential Technologies ETF worth $6,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new stake in shares of iShares Exponential Technologies ETF in the fourth quarter valued at approximately $30,000. First Horizon Advisors Inc. lifted its stake in iShares Exponential Technologies ETF by 7,907.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,041 shares of the company’s stock valued at $63,000 after buying an additional 1,028 shares in the last quarter. West Oak Capital LLC grew its holdings in iShares Exponential Technologies ETF by 260.3% during the 4th quarter. West Oak Capital LLC now owns 1,081 shares of the company’s stock valued at $64,000 after buying an additional 781 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in iShares Exponential Technologies ETF during the third quarter worth $212,000. Finally, Dakota Wealth Management acquired a new position in shares of iShares Exponential Technologies ETF in the fourth quarter worth $213,000.

iShares Exponential Technologies ETF Stock Performance

Shares of XT opened at $62.49 on Friday. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02. iShares Exponential Technologies ETF has a 1 year low of $53.00 and a 1 year high of $63.37. The company’s 50 day simple moving average is $61.00 and its 200 day simple moving average is $59.90.

iShares Exponential Technologies ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were issued a $0.0094 dividend. The ex-dividend date was Monday, December 30th.

About iShares Exponential Technologies ETF

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.