iShares Exponential Technologies ETF (NASDAQ:XT) Sets New 1-Year High – Here’s Why

Shares of iShares Exponential Technologies ETF (NASDAQ:XT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $79.60 and last traded at $79.55, with a volume of 116039 shares. The stock had previously closed at $79.07.

iShares Exponential Technologies ETF Stock Up 1.7%

The firm has a fifty day moving average of $72.07 and a 200-day moving average of $72.44. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 26.41 and a beta of 1.12.

Hedge Funds Weigh In On iShares Exponential Technologies ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Exencial Wealth Advisors LLC raised its holdings in iShares Exponential Technologies ETF by 2.0% during the third quarter. Exencial Wealth Advisors LLC now owns 6,945 shares of the company’s stock worth $500,000 after purchasing an additional 135 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in iShares Exponential Technologies ETF by 2.9% during the first quarter. Sanctuary Advisors LLC now owns 4,967 shares of the company’s stock worth $338,000 after purchasing an additional 138 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in iShares Exponential Technologies ETF by 3.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,997 shares of the company’s stock worth $279,000 after purchasing an additional 144 shares during the last quarter. Wealthcare Capital Partners LLC raised its holdings in iShares Exponential Technologies ETF by 0.5% during the third quarter. Wealthcare Capital Partners LLC now owns 31,885 shares of the company’s stock worth $2,294,000 after purchasing an additional 160 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in iShares Exponential Technologies ETF by 78.7% during the fourth quarter. Spire Wealth Management now owns 420 shares of the company’s stock worth $29,000 after purchasing an additional 185 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.