iShares Exponential Technologies ETF (NASDAQ:XT) Hits New 52-Week Low – Here’s Why

iShares Exponential Technologies ETF (NASDAQ:XT) shares reached a new 52-week low during trading on Friday . The company traded as low as $52.84 and last traded at $52.90, with a volume of 32277 shares changing hands. The stock had previously closed at $55.54.

iShares Exponential Technologies ETF Price Performance

The firm has a 50 day moving average of $61.07 and a two-hundred day moving average of $60.79. The stock has a market cap of $2.70 billion, a PE ratio of 25.09 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Cerity Partners LLC raised its position in iShares Exponential Technologies ETF by 177.2% in the 3rd quarter. Cerity Partners LLC now owns 13,396 shares of the company’s stock valued at $816,000 after purchasing an additional 8,564 shares during the last quarter. Stifel Financial Corp raised its stake in iShares Exponential Technologies ETF by 15.4% during the 3rd quarter. Stifel Financial Corp now owns 5,097 shares of the company’s stock valued at $310,000 after acquiring an additional 682 shares during the last quarter. Jane Street Group LLC lifted its position in iShares Exponential Technologies ETF by 639.8% during the 3rd quarter. Jane Street Group LLC now owns 98,986 shares of the company’s stock worth $6,026,000 after acquiring an additional 85,606 shares during the period. EP Wealth Advisors LLC increased its holdings in shares of iShares Exponential Technologies ETF by 12.8% in the third quarter. EP Wealth Advisors LLC now owns 7,015 shares of the company’s stock valued at $427,000 after purchasing an additional 794 shares during the period. Finally, MML Investors Services LLC raised its stake in shares of iShares Exponential Technologies ETF by 15.5% during the third quarter. MML Investors Services LLC now owns 90,552 shares of the company’s stock worth $5,513,000 after purchasing an additional 12,163 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.