iShares Exponential Technologies ETF (NASDAQ:XT) Hits New 1-Year High – Time to Buy?

iShares Exponential Technologies ETF (NASDAQ:XT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $83.12 and last traded at $83.02, with a volume of 11131 shares changing hands. The stock had previously closed at $82.19.

iShares Exponential Technologies ETF Stock Up 1.3%

The business has a fifty day simple moving average of $74.10 and a 200 day simple moving average of $72.83. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 26.41 and a beta of 1.12.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XT. WNY Asset Management LLC purchased a new stake in iShares Exponential Technologies ETF during the 1st quarter worth about $513,000. Western Wealth Management LLC increased its position in iShares Exponential Technologies ETF by 11.7% during the 1st quarter. Western Wealth Management LLC now owns 5,610 shares of the company’s stock worth $382,000 after purchasing an additional 587 shares in the last quarter. Arkadios Wealth Advisors increased its position in iShares Exponential Technologies ETF by 35.8% during the 1st quarter. Arkadios Wealth Advisors now owns 134,859 shares of the company’s stock worth $9,191,000 after purchasing an additional 35,560 shares in the last quarter. Quantinno Capital Management LP increased its position in iShares Exponential Technologies ETF by 80.7% during the 1st quarter. Quantinno Capital Management LP now owns 7,461 shares of the company’s stock worth $509,000 after purchasing an additional 3,331 shares in the last quarter. Finally, Vivaldi Capital Management LP increased its position in iShares Exponential Technologies ETF by 7.5% during the 1st quarter. Vivaldi Capital Management LP now owns 9,394 shares of the company’s stock worth $640,000 after purchasing an additional 654 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. XT was launched on Mar 19, 2015 and is managed by BlackRock.