Traynor Capital Management Inc. Buys Shares of 15,374 iShares Exponential Technologies ETF $XT

Traynor Capital Management Inc. purchased a new position in shares of iShares Exponential Technologies ETF (NASDAQ:XT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,374 shares of the company’s stock, valued at approximately $1,106,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barrett & Company Inc. raised its position in shares of iShares Exponential Technologies ETF by 0.8% in the third quarter. Barrett & Company Inc. now owns 92,993 shares of the company’s stock valued at $6,690,000 after buying an additional 741 shares during the last quarter. Root Financial Partners LLC raised its holdings in iShares Exponential Technologies ETF by 31.2% in the 3rd quarter. Root Financial Partners LLC now owns 5,372 shares of the company’s stock valued at $386,000 after acquiring an additional 1,277 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in iShares Exponential Technologies ETF by 7.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 92,224 shares of the company’s stock worth $6,635,000 after purchasing an additional 6,264 shares in the last quarter. Courier Capital LLC boosted its holdings in shares of iShares Exponential Technologies ETF by 1.7% during the 3rd quarter. Courier Capital LLC now owns 13,036 shares of the company’s stock worth $938,000 after purchasing an additional 215 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of iShares Exponential Technologies ETF by 7.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,535 shares of the company’s stock valued at $846,000 after purchasing an additional 811 shares in the last quarter.

iShares Exponential Technologies ETF Stock Performance

NASDAQ XT opened at $73.45 on Thursday. The stock’s fifty day moving average is $72.23 and its two-hundred day moving average is $70.94. The firm has a market capitalization of $3.77 billion, a P/E ratio of 26.41 and a beta of 1.10. iShares Exponential Technologies ETF has a fifty-two week low of $49.01 and a fifty-two week high of $76.29.

iShares Exponential Technologies ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $5.3322 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 1,542.0%.

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. XT was launched on Mar 19, 2015 and is managed by BlackRock.