Lane & Associates LLC Trims Stock Position in iShares Exponential Technologies ETF (NASDAQ:XT)

Lane & Associates LLC cut its stake in shares of iShares Exponential Technologies ETF (NASDAQ:XT) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,074 shares of the company’s stock after selling 1,585 shares during the period. Lane & Associates LLC’s holdings in iShares Exponential Technologies ETF were worth $563,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new position in iShares Exponential Technologies ETF during the 4th quarter worth approximately $7,110,000. Jane Street Group LLC grew its holdings in shares of iShares Exponential Technologies ETF by 639.8% in the 3rd quarter. Jane Street Group LLC now owns 98,986 shares of the company’s stock worth $6,026,000 after acquiring an additional 85,606 shares during the period. Wharton Business Group LLC grew its holdings in shares of iShares Exponential Technologies ETF by 137.4% in the 3rd quarter. Wharton Business Group LLC now owns 64,740 shares of the company’s stock worth $3,941,000 after acquiring an additional 37,470 shares during the period. Wealthcare Capital Partners LLC acquired a new stake in shares of iShares Exponential Technologies ETF in the 4th quarter worth approximately $2,017,000. Finally, Stratos Investment Management LLC grew its holdings in shares of iShares Exponential Technologies ETF by 16.2% in the 4th quarter. Stratos Investment Management LLC now owns 212,963 shares of the company’s stock worth $12,705,000 after acquiring an additional 29,745 shares during the period.

iShares Exponential Technologies ETF Price Performance

XT opened at $64.00 on Friday. The stock has a market cap of $3.38 billion, a P/E ratio of 23.27 and a beta of 1.02. The stock’s 50 day simple moving average is $61.45 and its 200 day simple moving average is $60.34. iShares Exponential Technologies ETF has a 1-year low of $53.00 and a 1-year high of $64.26.

iShares Exponential Technologies ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 30th were issued a $0.0094 dividend. The ex-dividend date of this dividend was Monday, December 30th.

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.