American Financial Advisors LLC Has $263,000 Holdings in iShares Exponential Technologies ETF (NASDAQ:XT)

American Financial Advisors LLC cut its position in iShares Exponential Technologies ETF (NASDAQ:XT) by 13.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,385 shares of the company’s stock after selling 662 shares during the quarter. American Financial Advisors LLC’s holdings in iShares Exponential Technologies ETF were worth $263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KFG Wealth Management LLC lifted its position in shares of iShares Exponential Technologies ETF by 19.7% during the fourth quarter. KFG Wealth Management LLC now owns 5,119 shares of the company’s stock worth $306,000 after purchasing an additional 841 shares in the last quarter. Safeguard Financial LLC acquired a new position in shares of iShares Exponential Technologies ETF during the fourth quarter worth approximately $207,000. MV Capital Management Inc. acquired a new position in shares of iShares Exponential Technologies ETF during the fourth quarter worth approximately $40,000. Cerity Partners LLC lifted its position in shares of iShares Exponential Technologies ETF by 444.9% during the fourth quarter. Cerity Partners LLC now owns 21,250 shares of the company’s stock worth $1,272,000 after purchasing an additional 17,350 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its position in shares of iShares Exponential Technologies ETF by 23.7% during the fourth quarter. Valley National Advisers Inc. now owns 43,960 shares of the company’s stock worth $2,631,000 after purchasing an additional 8,415 shares in the last quarter.

iShares Exponential Technologies ETF Price Performance

Shares of XT stock traded down $0.76 during trading hours on Friday, reaching $54.45. 85,717 shares of the company were exchanged, compared to its average volume of 109,790. iShares Exponential Technologies ETF has a fifty-two week low of $48.10 and a fifty-two week high of $61.47. The stock’s fifty day moving average is $58.96 and its two-hundred day moving average is $56.52. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 23.80 and a beta of 1.02.

iShares Exponential Technologies ETF Company 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.