Northwestern Mutual Wealth Management Co. Acquires 1,234,832 Shares of iShares Exponential Technologies ETF $XT

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Exponential Technologies ETF (NASDAQ:XT) by 5,379.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,257,785 shares of the company’s stock after purchasing an additional 1,234,832 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 2.45% of iShares Exponential Technologies ETF worth $87,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC raised its stake in iShares Exponential Technologies ETF by 683.4% during 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 during the period. Ameriprise Financial Inc. increased its stake 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 worth $41,912,000 after acquiring an additional 378,264 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of iShares Exponential Technologies ETF by 2.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 253,082 shares of the company’s stock worth $17,650,000 after acquiring an additional 5,935 shares in the last quarter. Stratos Investment Management LLC raised its holdings in shares of iShares Exponential Technologies ETF by 2.1% during the 4th quarter. Stratos Investment Management LLC now owns 180,097 shares of the company’s stock worth $12,560,000 after acquiring an additional 3,627 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of iShares Exponential Technologies ETF by 946.8% during the 1st quarter. Jane Street Group LLC now owns 160,177 shares of the company’s stock worth $9,220,000 after acquiring an additional 144,876 shares in the last quarter.

iShares Exponential Technologies ETF Price Performance

Shares of XT opened at $79.12 on Friday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 26.41 and a beta of 1.12. iShares Exponential Technologies ETF has a 1 year low of $60.37 and a 1 year high of $80.99. The business’s 50 day simple moving average is $72.43 and its 200-day simple moving average is $72.52.

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.