Mirae Asset Global Investments Co. Ltd. Decreases Stake in iShares Exponential Technologies ETF $XT

Mirae Asset Global Investments Co. Ltd. lowered its position in iShares Exponential Technologies ETF (NASDAQ:XT) by 49.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 63,420 shares of the company’s stock after selling 63,000 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.12% of iShares Exponential Technologies ETF worth $4,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XT. Jane Street Group LLC lifted its holdings in iShares Exponential Technologies ETF by 946.8% in the 1st quarter. Jane Street Group LLC now owns 160,177 shares of the company’s stock valued at $9,220,000 after purchasing an additional 144,876 shares in the last quarter. Quantinno Capital Management LP purchased a new position in iShares Exponential Technologies ETF in the 2nd quarter valued at $356,000. Strategic Wealth Investment Group LLC purchased a new position in iShares Exponential Technologies ETF in the 2nd quarter valued at $135,000. Ameriprise Financial Inc. lifted its holdings in iShares Exponential Technologies ETF by 143.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 641,593 shares of the company’s stock valued at $41,912,000 after purchasing an additional 378,264 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in iShares Exponential Technologies ETF by 683.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 824,495 shares of the company’s stock valued at $53,798,000 after purchasing an additional 719,245 shares in the last quarter.

iShares Exponential Technologies ETF Stock Performance

Shares of XT stock opened at $74.19 on Wednesday. The stock’s fifty day moving average is $70.69 and its two-hundred day moving average is $72.05. The firm has a market capitalization of $3.74 billion, a P/E ratio of 26.41 and a beta of 1.10. iShares Exponential Technologies ETF has a fifty-two week low of $54.25 and a fifty-two week high of $76.29.

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.