iShares Exponential Technologies ETF (NASDAQ:XT) Reaches New 52-Week High – Here’s What Happened

Shares of iShares Exponential Technologies ETF (NASDAQ:XT) reached a new 52-week high on Wednesday . The stock traded as high as $75.99 and last traded at $76.22, with a volume of 65681 shares traded. The stock had previously closed at $75.17.

iShares Exponential Technologies ETF Trading Up 1.2%

The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 26.41 and a beta of 1.10. The firm has a fifty day simple moving average of $73.80 and a 200-day simple moving average of $68.99.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Crewe Advisors LLC acquired a new position in shares of iShares Exponential Technologies ETF during the 2nd quarter worth about $25,000. Horizon Investments LLC bought a new position in iShares Exponential Technologies ETF during the 3rd quarter worth approximately $33,000. CoreCap Advisors LLC boosted its stake in iShares Exponential Technologies ETF by 64.0% during the 3rd quarter. CoreCap Advisors LLC now owns 751 shares of the company’s stock worth $54,000 after acquiring an additional 293 shares during the last quarter. Kilter Group LLC acquired a new position in iShares Exponential Technologies ETF during the second quarter valued at approximately $51,000. Finally, IFP Advisors Inc increased its position in shares of iShares Exponential Technologies ETF by 25.1% in the 3rd quarter. IFP Advisors Inc now owns 953 shares of the company’s stock valued at $68,000 after buying an additional 191 shares in the last quarter.

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.