iShares Exponential Technologies ETF (NASDAQ:XT) Hits New 12-Month High – Here’s Why

Shares of iShares Exponential Technologies ETF (NASDAQ:XT) reached a new 52-week high during trading on Monday . The company traded as high as $61.88 and last traded at $61.88, with a volume of 6278 shares traded. The stock had previously closed at $61.63.

iShares Exponential Technologies ETF Price Performance

The stock has a market capitalization of $3.57 billion, a PE ratio of 23.27 and a beta of 1.02. The business’s fifty day moving average price is $60.49 and its two-hundred day moving average price is $59.33.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC grew its stake in shares of iShares Exponential Technologies ETF by 7.6% in the first quarter. Cetera Advisors LLC now owns 3,856 shares of the company’s stock valued at $230,000 after buying an additional 273 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of iShares Exponential Technologies ETF by 155.1% in the second quarter. Mather Group LLC. now owns 8,761 shares of the company’s stock valued at $522,000 after acquiring an additional 5,326 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of iShares Exponential Technologies ETF by 57.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 7,086 shares of the company’s stock worth $417,000 after buying an additional 2,586 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new position in shares of iShares Exponential Technologies ETF in the 2nd quarter valued at about $285,000. Finally, Moseley Investment Management Inc. lifted its position in shares of iShares Exponential Technologies ETF by 15.9% during the 2nd quarter. Moseley Investment Management Inc. now owns 8,248 shares of the company’s stock valued at $485,000 after acquiring an additional 1,130 shares during the period.

iShares Exponential Technologies ETF Company 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.