Shares of iShares Exponential Technologies ETF (NASDAQ:XT – Get Free Report) reached a new 52-week high during mid-day trading on Friday. The company traded as high as $84.53 and last traded at $84.5180, with a volume of 3059 shares trading hands. The stock had previously closed at $83.35.
iShares Exponential Technologies ETF Stock Up 1.5%
The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 26.41 and a beta of 1.14. The company has a 50-day moving average price of $82.07 and a 200-day moving average price of $79.04.
Institutional Trading of iShares Exponential Technologies ETF
Several hedge funds have recently added to or reduced their stakes in XT. Arkadios Wealth Advisors raised its stake in iShares Exponential Technologies ETF by 35.8% during the first quarter. Arkadios Wealth Advisors now owns 134,859 shares of the company’s stock worth $9,191,000 after acquiring an additional 35,560 shares in the last quarter. Susquehanna International Group LLP acquired a new position in iShares Exponential Technologies ETF during the 2nd quarter worth $1,744,000. New England Private Wealth Advisors LLC boosted its stake in shares of iShares Exponential Technologies ETF by 5.5% in the 4th quarter. New England Private Wealth Advisors LLC now owns 211,305 shares of the company’s stock valued at $14,736,000 after purchasing an additional 10,970 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of iShares Exponential Technologies ETF by 3.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 264,664 shares of the company’s stock valued at $21,869,000 after acquiring an additional 8,816 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in iShares Exponential Technologies ETF by 8.5% in the first quarter. Kestra Advisory Services LLC now owns 107,352 shares of the company’s stock valued at $7,316,000 after purchasing an additional 8,410 shares during the last quarter.
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.
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