iShares Exponential Technologies ETF $XT Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its stake in iShares Exponential Technologies ETF (NASDAQ:XT) by 49.8% in the fourth quarter, Holdings Channel reports. The fund owned 63,420 shares of the company’s stock after selling 63,000 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Exponential Technologies ETF were worth $4,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of XT. Optima Capital LLC acquired a new stake in shares of iShares Exponential Technologies ETF in the 4th quarter worth $25,000. Spire Wealth Management increased its stake in shares of iShares Exponential Technologies ETF by 78.7% in the 4th quarter. Spire Wealth Management now owns 420 shares of the company’s stock worth $29,000 after acquiring an additional 185 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of iShares Exponential Technologies ETF by 455.1% in the 4th quarter. Sound Income Strategies LLC now owns 433 shares of the company’s stock worth $31,000 after acquiring an additional 355 shares during the last quarter. Horizon Investments LLC acquired a new stake in shares of iShares Exponential Technologies ETF in the 3rd quarter worth $33,000. Finally, Evermay Wealth Management LLC acquired a new stake in shares of iShares Exponential Technologies ETF in the 4th quarter worth $49,000.

iShares Exponential Technologies ETF Stock Down 0.9%

Shares of XT opened at $74.19 on Wednesday. iShares Exponential Technologies ETF has a 52-week low of $54.25 and a 52-week high of $76.29. The company has a market capitalization of $3.74 billion, a PE ratio of 26.41 and a beta of 1.10. The stock has a fifty day simple moving average of $70.69 and a two-hundred day simple moving average of $72.05.

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.