Cedar Wealth Management LLC Has $1.04 Million Position in iShares Exponential Technologies ETF (NASDAQ:XT)

Cedar Wealth Management LLC trimmed its stake in iShares Exponential Technologies ETF (NASDAQ:XT) by 16.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,724 shares of the company’s stock after selling 3,530 shares during the quarter. Cedar Wealth Management LLC’s holdings in iShares Exponential Technologies ETF were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XT. Clear Investment Research LLC acquired a new stake in iShares Exponential Technologies ETF in the fourth quarter valued at approximately $32,000. YHB Investment Advisors Inc. acquired a new stake in iShares Exponential Technologies ETF in the 1st quarter worth approximately $39,000. Tidemark LLC bought a new stake in iShares Exponential Technologies ETF during the fourth quarter worth approximately $55,000. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares Exponential Technologies ETF in the second quarter valued at approximately $104,000. Finally, ICA Group Wealth Management LLC bought a new stake in shares of iShares Exponential Technologies ETF in the fourth quarter valued at approximately $191,000.

iShares Exponential Technologies ETF Stock Performance

NASDAQ XT opened at $59.49 on Friday. iShares Exponential Technologies ETF has a twelve month low of $48.10 and a twelve month high of $61.60. The stock has a market cap of $3.43 billion, a PE ratio of 23.27 and a beta of 1.02. The firm has a 50-day simple moving average of $58.38 and a 200 day simple moving average of $58.53.

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.