Why Financial Engines Advisors Trimmed its iShares Future Exponential Technologies ETF Position

Core Insights - Financial Engines Advisors sold $127 million worth of iShares Future Exponential Technologies ETF (XT), but the portfolio allocation actually increased due to the ETF's rising share price [1][9][10] Group 1: Transaction Details - Financial Engines Advisors reduced its stake in iShares Future Exponential Technologies ETF by selling 1,452,015 shares during Q3 2025, resulting in a decrease of the fund's position value by $127.13 million [2] - After the sale, the ETF accounted for 4.55% of Financial Engines' $52.39 billion in reportable U.S. equity assets [2] Group 2: ETF Performance - As of December 4, 2025, shares of the ETF were priced at $74.89, reflecting a 21% increase over the past year, outperforming the S&P 500 by 13 percentage points [3] - The ETF has a market capitalization of $3.63 billion and a one-year total return of 20.89% [4][8] Group 3: ETF Characteristics - iShares Future Exponential Technologies ETF provides broad exposure to companies at the forefront of transformative technologies worldwide [5] - The ETF employs a rules-based investment approach, appealing to both institutional and individual investors seeking long-term growth [7][8] Group 4: Financial Engines' Positioning - Despite the sale, XT remains the 7th-largest position in Financial Engines' portfolio, indicating a strategic decision rather than a complete divestment [9] - The portfolio allocation for XT actually grew from 4.5% to 4.6% over the last quarter due to the ETF's rising share price [9][10]