7,504 iShares Exponential Technologies ETF $XT Shares Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. raised its stake in iShares Exponential Technologies ETF (NASDAQ:XT) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,988 shares of the company’s stock after acquiring an additional 7,504 shares during the period. Valmark Advisers Inc. owned approximately 0.17% of iShares Exponential Technologies ETF worth $6,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of XT. Arkadios Wealth Advisors raised its position in shares of iShares Exponential Technologies ETF by 35.8% in the 1st quarter. Arkadios Wealth Advisors now owns 134,859 shares of the company’s stock worth $9,191,000 after purchasing an additional 35,560 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in iShares Exponential Technologies ETF during the 2nd quarter valued at about $1,744,000. Wealthcare Advisory Partners LLC grew its position in iShares Exponential Technologies ETF by 3.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 264,664 shares of the company’s stock valued at $21,869,000 after purchasing an additional 8,816 shares during the last quarter. WNY Asset Management LLC purchased a new stake in iShares Exponential Technologies ETF during the 1st quarter valued at about $513,000. Finally, Janney Montgomery Scott LLC bought a new stake in iShares Exponential Technologies ETF during the 2nd quarter valued at about $588,000.

iShares Exponential Technologies ETF Trading Down 0.8%

NASDAQ:XT traded down $0.63 on Friday, reaching $82.33. 48,290 shares of the stock traded hands, compared to its average volume of 95,084. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 30.37 and a beta of 1.16. iShares Exponential Technologies ETF has a 12 month low of $65.47 and a 12 month high of $85.85. The company’s fifty day simple moving average is $83.05 and its 200 day simple moving average is $78.52.

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.