Great Valley Advisor Group Inc. has recently reported a new position in iShares Exponential Technologies ETF (NASDAQ:XT) during the fourth quarter, according to their latest 13F filing with the Securities and Exchange Commission (SEC). The firm purchased a total of 4,529 shares with an estimated value of $214,000.
As the market continues to be volatile and unpredictable, investors are increasingly turning to tech-based investments that possess huge potential for exponential growth. And it seems Great Valley Advisor Group has made a wise move by incorporating iShares Exponential Technologies ETF into its portfolio.
This innovative exchange-traded fund offers access to various companies that are categorized as leaders in technological advancements across various sectors such as healthcare, robotics and artificial intelligence. With many investors eyeing on tech investments which promise exponential gains over an extended period of time, this ETF can be deemed as an attractive option for those looking for long-term growth.
The recent purchase of iShares Exponential Technologies ETF by Great Valley Advisor Group reflects their belief in the potential profitability of technology based investing. The extensive coverage within this ETF provides comprehensive exposure to various high-growth companies which are undergoing significant developments in their respective fields. As these companies gain prominence amidst rapid advancements in cutting edge technologies, so too does the potential for profits.
It is interesting to note that iShares Exponential Technologies ETF saw remarkable growth throughout 2020 despite the challenging economic climate brought about by the coronavirus pandemic. Boasting a year-to-date gain of approximately 9%, it appears investors have shown great confidence in technology-based investment even during times of adversity.
In conclusion, Great Valley Advisor Group’s decision to incorporate iShares Exponential Technologies ETF into its portfolio is a testament to their focus on robust investment strategies and promising partnerships. The fusion between technological innovation and conventional finance has been a significant driver for progress in today’s fast-moving market landscape. As such, investors should maintain vigilance when navigating the ever-evolving landscape to reap the benefits of exponential technological advancements.
Institutional Investors Actively Modify Holdings in iShares Exponential Technologies ETF
Investors in iShares Exponential Technologies ETF have been actively modifying their holdings, as per recent filings. Institutions like Avantax Advisory Services Inc., which grew its position in shares of XT by 4.6%, now own 5,038 shares at a value of $225,000 after acquiring an additional 222 shares during the period. Centaurus Financial Inc. also boosted its holdings with an acquisition of 240 more shares during the last quarter and now owns a total of 3,567 shares valued at $211,000. Bank of New York Mellon Corp is another institutional investor that has recently increased its stake in the company by buying an additional 390 shares worth $5,517,000; Ameritas Advisory Services LLC and Venturi Wealth Management LLC have followed suit with stake boosts of their own.
When last traded on Thursday, XT opened at $51.98 but has a wide range of prices from a low of $42.63 to a high of $57.06 over the course of twelve months. The market capitalization stands at $3.14 billion while the company’s price-to-earnings ratio is 19.92 and its beta is at just above one at 1.02 – signifying moderate volatility levels as compared to benchmark indexes.
Investors interested in keeping tabs on other investors’ behavior can visit HoldingsChannel.com to check out recent filings and insider trades for iShares Exponential Technologies ETF before making any investment decisions themselves.