iShares Exponential Technologies ETF $XT Stock: Commonwealth Equity Services LLC Cuts Stake

Commonwealth Equity Services LLC cut its position in iShares Exponential Technologies ETF (NASDAQ:XT) by 17.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 270,991 shares of the company’s stock after selling 55,754 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares Exponential Technologies ETF were worth $22,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XT. Wealthcare Advisory Partners LLC grew its position in iShares Exponential Technologies ETF by 3.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 264,664 shares of the company’s stock worth $21,869,000 after purchasing an additional 8,816 shares during the last quarter. New England Private Wealth Advisors LLC raised its holdings in shares of iShares Exponential Technologies ETF by 0.4% during the second quarter. New England Private Wealth Advisors LLC now owns 216,534 shares of the company’s stock valued at $17,050,000 after buying an additional 802 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of iShares Exponential Technologies ETF by 35.8% during the first quarter. Arkadios Wealth Advisors now owns 134,859 shares of the company’s stock worth $9,191,000 after buying an additional 35,560 shares during the period. Clearwater Capital Advisors LLC boosted its position in shares of iShares Exponential Technologies ETF by 2.2% during the first quarter. Clearwater Capital Advisors LLC now owns 126,310 shares of the company’s stock worth $8,608,000 after buying an additional 2,724 shares during the period. Finally, Brookstone Capital Management boosted its position in shares of iShares Exponential Technologies ETF by 4.5% during the third quarter. Brookstone Capital Management now owns 116,330 shares of the company’s stock worth $9,702,000 after buying an additional 4,999 shares during the period.

iShares Exponential Technologies ETF Price Performance

Shares of XT stock opened at $82.66 on Tuesday. iShares Exponential Technologies ETF has a 12-month low of $65.47 and a 12-month high of $85.85. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 30.37 and a beta of 1.17. The business has a 50 day simple moving average of $83.01 and a 200 day simple moving average of $78.32.

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