Strategic Financial Concepts LLC Takes Position in iShares Exponential Technologies ETF (NASDAQ:XT)

Strategic Financial Concepts LLC purchased a new stake in shares of iShares Exponential Technologies ETF (NASDAQ:XT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 110,950 shares of the company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Valmark Advisers Inc. increased its holdings in shares of iShares Exponential Technologies ETF by 13.9% during the second quarter. Valmark Advisers Inc. now owns 55,833 shares of the company’s stock valued at $3,285,000 after acquiring an additional 6,819 shares in the last quarter. Graypoint LLC bought a new stake in iShares Exponential Technologies ETF in the 2nd quarter worth about $220,000. VAUGHAN & Co SECURITIES INC. increased its holdings in iShares Exponential Technologies ETF by 0.8% in the 2nd quarter. VAUGHAN & Co SECURITIES INC. now owns 97,975 shares of the company’s stock worth $5,764,000 after buying an additional 731 shares in the last quarter. Detalus Advisors LLC bought a new stake in iShares Exponential Technologies ETF in the 2nd quarter worth about $409,000. Finally, Alpha Financial Advisors LLC increased its holdings in iShares Exponential Technologies ETF by 0.8% in the 2nd quarter. Alpha Financial Advisors LLC now owns 367,194 shares of the company’s stock worth $21,602,000 after buying an additional 2,843 shares in the last quarter.

iShares Exponential Technologies ETF Stock Performance

NASDAQ XT opened at $57.07 on Wednesday. iShares Exponential Technologies ETF has a one year low of $48.10 and a one year high of $61.60. The stock has a 50-day moving average of $58.56 and a 200 day moving average of $58.56. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02.

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.