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

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

iShares Exponential Technologies ETF Stock Down 0.1 %

The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 23.27 and a beta of 1.02. The stock’s 50 day moving average is $60.59 and its 200 day moving average is $59.36.

Institutional Inflows and Outflows

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

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.